Generating sales by promoting the firm and encouraging demand for its products is the role of a ________ salesperson.
Fill in the blank(s) with the appropriate word(s).
missionary
Missionary salespeople generate sales by promoting the firm and encouraging demand for its goods and services.
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When the frequency in any cell of a contingency table is low, it is ________
A) time to stop the analysis B) OK to ignore this and move on to finish the analysis C) OK to proceed if the phi coefficient is used D) time to increase the size of the table E) time to reduce the size of the table by combining categories
Which of the following is not an internal control activity for cash?
A) The amount of cash on hand should be kept to a minimum. B) Banking facilities should be used as much as possible. C) Employees who have access to cash should be bonded. D) All payments should be made with currency, not checks.
When analyzing a balance sheet
a. one looks for a reasonable match between the nature and mix of assets and mix of liabilities plus shareholders' equity. b. the proportion of short-term versus long-term financing should match the proportion of current assets versus noncurrent assets. c. the mix of long-term debt versus shareholders' equity should reflect the degree of operating risk. d. Answers a, b, and c are correct. e. None of these answer choices is correct.
A retail firm downsizes when it ________
A) acquires one or more competitors with a low-end strategy B) enters the maturity stage of the retail life cycle C) leaves the introduction stage of the retail life cycle D) closes unprofitable outlets E) shifts away from an upscale strategy