Jenny, the receptionist at an organization, is talking to a visitor. The visitor would like to meet one of the senior executives but does not have an appointment. Jenny decides that a senior client support executive is most likely to be able to help the visitor. When she conveys the message to the executive, he says he is happy to meet the visitor immediately. Assuming that the visitor's name is
Wilson Matthews and the executive's name is Peter Rogers, which of the following is the best way for Jenny to introduce them?
A. Mr. Rogers, please meet our respected visitor.
B. Mr. Rogers, this is Wilson Matthews.
C. Mr. Matthews, this is Mr. Rogers.
D. Wilson this is Peter.
B
The best way for you to introduce Wilson Matthews and Peter Rogers is by saying "Mr.
Rogers, this is Wilson Matthews." It is important to present a visitor to your staff member by
introducing the visitor to the host first.
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Those transactions dealing primarily with selling a product or providing a service related to the revenues and expenses reported on the income statement are called
a. investing activities. b. operating activities. c. financing activities. d. planning activities.
On August 28, 2016, Saturn Drilling Services purchased a machine with a contract price of $400,000 and cash terms of 2/10, n/30. The company paid $8,000 in transportation costs and $8,000 for installation. Sales taxes of $22,000 were paid on the invoice amount. The machine should be recorded as a plant asset in the amount of
A) $400,000. B) $422,000. C) $428,000. D) $430,000.
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Union Atlantic Corporation, which has a required rate of return equal to 14 percent, is evaluating a capital budgeting project. The initial cash outflow is $170,000 and cash inflow at the year-end of each of the following four years is $60,750. According to this information, which of the following statements is correct?
A. The project's internal rate of return (IRR) must be less than 14 percent. B. The project's discounted payback period must be greater than its economic life. C. The project is acceptable as the net present value of the project is positive. D. The project's discounted payback period should be compared with the traditional payback period to make the correct decision. E. The project is not acceptable as the net present value is less than the difference in the total cash inflow and cash outflow.