Most of what is contained in a sales agreement is the same in the contract for a domestic representative as for an export sale. However, which of the following is among the two areas requiring special attention in an export sales contract?
A. Designation of the country and state or province whose laws will govern any contractual dispute.
B. Designation of responsibilities for shipping and insurance of the goods while in transit.
C. Designation of the deadline for concluding the agreement and disseminating funds.
D. Designation for managing promotion of the product.
Answer: A
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The Slazenger Company has provided the following information: Shareholders' equity on January 1, 2018 was $2,225,900.
Shareholders' equity on December 31, 2018 was $2,379,300. Treasury stock costing $71,000 was sold for $62,000; the treasury stock was acquired during 2017. A property dividend was declared and distributed during 2018. The property's book value was $42,325 on the declaration date; the property's fair value was $54,485 on the declaration date and $57,500 on the distribution date. 10,000 shares of $20 par value preferred stock were purchased and retired during 2018. The shares were initially issued for $25 per share and were purchased for $29 per share. 5,000 shares of $5 par value common stock were issued as the result of a small stock dividend. The market value per share was $9 at the declaration date and $9.50 at the distribution date. Cash dividends declared and paid during the year totaled $70,000. Required: What was Slazenger's 2018 net income assuming that the only other transactions impacting shareholders' equity are described above? What will be an ideal response?
Within the context of strategic contingency theory, a strategic contingency is
A. a reserve of funds to be used in case of emergency. B. an alternative plan of strategic importance. C. a plan that will be used only in the event that the primary plan is unattainable. D. an event or activity that is extremely important for accomplishing organizational goals.
Which of the following would be a good rule for salespeople to follow in handling their paperwork?
A. Avoid paperwork so that more time is available for sales presentations. B. Manage paperwork on a once-a-month basis. C. Handle paperwork throughout the day. D. Finish paperwork during non-selling times and evenings. E. Politely interrupt a sales interview to get paperwork finished.
A perpetual inventory system is able to directly measure and monitor inventory shrinkage and there is no need for a physical count of inventory.
Answer the following statement true (T) or false (F)