Commission is typically used:
A) when the products have long selling cycles like several years.
B) when management wants to encourage activities like market research that do not generate revenue.
C) for new salespeople, who are unlikely to generate substantial sales in the short run.
D) to reward the best performance and motivate a high level of selling effort.
D
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The problem with looking at values that find wide acceptance as a guide to ethical corporate behavior is that:
A. culture has no effect on the ethical attitudes of business managers in today's global world. B. companies will always look to profit maximization over anything else. C. modern life holds a diversity of conflicting ethical views. D. most widely-accepted values are uninformed.
Which of the following is TRUE of a contingent liability?
A) It is a potential liability that depends on a future event. B) It is an actual liability that is difficult to estimate. C) It is an actual liability that depends on a past event. D) It is a liability resulting from a lawsuit settled in court.
________ is the addition of offerings beyond the company's core product or service.
A. Franchising B. Diversification C. Licensing D. Complementing
In cases involving businesses, where the public enters the business as a part of doing business, the law presumes the property:
a. is surrounded by guards at all times b. is safe for public admission c. is owned by the person who runs the business d. owner owes the public no particular duty of care e. none of these