According to the text, time is the most vulnerable asset a salesperson has to manage.
Answer the following statement true (T) or false (F)
True
As a salesperson, the most vulnerable asset you have to manage is time. Improvement of time management directly increases productivity.
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A note receivable should always be recorded at its present value using the borrower's incremental interest rate
Indicate whether the statement is true or false
Indicate whether each of the following statements is true or false.The accuracy of sales forecasts is critical to the effectiveness of a business' overall budgeting process.Sales estimates to be used in the budgeting process are usually prepared by the accounting department.Sales forecasts often are prepared using sophisticated computer programs and statistical techniques.A company's senior vice president for sales would be held responsible for the sales budget.Accompanying the sales budget is a schedule of cash payments for inventory, which is used in preparing the cash budget.
What will be an ideal response?
Robert hired James, a CPA, to prepare his tax returns. James was too busy and delegated the work to Sara, also a CPA. This delegation is
a. enforceable, as Sara is also a CPA. b. enforceable, as there was no expectation James would do the work. c. not enforceable, as Robert hired James to perform personal services. d. not enforceable, as this violates public policy.
When a principal is partially disclosed
a. the agent and principal will be jointly and severally liable on the contract. b. the agent and principal will be only jointly liable on the contract. c. only the principal can be liable. d. only the agent is liable.