Formal reports and proposals often include a cover letter or memo called a(n) ____________________, which provides a personalized introduction to your document.
Fill in the blank(s) with the appropriate word(s).
letter of transmittal
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Martin is an intern working for Tennessee Fried Chicken (TFC), an international company with over 1,000 franchised restaurants throughout the United States and in 21 other countries. TFC heavily advertises on television and in various print media that its chicken is superior due to its blend of "42 secret herbs and spices." Many have tried to duplicate the recipe unsuccessfully, and burglars have even been caught trying to steal it. One day Martin is called into the president's office for an assignment, and during their conversation, the president leaves the room, leaving Martin alone. Martin notices that the wall safe is open and looks inside, where he sees an envelope labeled "THE RECIPE." He opens it and finds that it is the list of the 42 secret herbs and spices, along with quantities
and order of use. He quickly makes a copy of the recipe and returns the envelope to the safe. That afternoon, he calls Bluto's Fried Chicken, a TFC competitor, and informs Bluto's of the information he possesses, and they arrange a meeting. If Martin sells the recipe to Bluto's, who, if anyone, would be guilty of misappropriation? A. Neither Martin nor Bluto's is guilty of misappropriation because leaving the safe open shows that the secret was not guarded and guarding is necessary to qualify for trade secret protections. B. If Martin sells the recipe to Bluto's, Martin is not guilty of misappropriation but Bluto's is guilty of misappropriation. C. If Martin sells the recipe to Bluto's, Martin is guilty of misappropriation but Bluto's is not guilty of misappropriation. D. If Martin sells the recipe to Bluto's, both Martin and Bluto's are guilty of misappropriation.
List the characteristics that most entrepreneurs have. Suppose you have decided to start a nail salon in a town that does not currently have one. Explain how you will benefit from having each of these characteristics.
What will be an ideal response?
On January 1, Year 1, Milton Manufacturing Company purchased equipment with a list price of $28,000. A total of $2200 was paid for installation and testing. During the first year, Milton paid $3300 for insurance on the equipment and another $610 for routine maintenance and repairs. Milton uses the units-of-production method of depreciation. Useful life is estimated at 100,000 units, and estimated salvage value is $4400. During Year 1, the equipment produced 12,000 units. What is the amount of depreciation for Year 1?
A. $3096 B. $3565 C. $4020 D. $3492
Using an existing customer as an intermediary (presentation of a letter or note) can reduce the amount of time spent on prospecting
Indicate whether the statement is true or false