In a sales presentation, visual aids are important to sales success because customers are more likely to:
A. retain details they hear.
B. remember information that they see.
C. request warranties.
D. respond to direct questions.
E. limit interruptions.
Answer: D
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Which one of the following statements regarding changing inventory methods is true?
a. A change in inventory methods can be justified if the change is made to better match profits with revenue. b. One place that the reader of an annual report would be able to identify that a company changed inventory methods is the statement of stockholders' equity. c. Changing inventory methods affects consistency. d. Tax advantages are valid justification for changing inventory methods.
The mandatory adoption of a new accounting principle as a result of a new FASB statement requires
A) footnote disclosure only. B) a cumulative effect adjustment. C) retrospective adjustment. D) prospective restatement.
Contribution margin information is not relevant for
a. the elimination of unprofitable segment decisions. b. pricing decisions for special orders. c. sales mix with resource constraint decisions. d. determining the amount that sales exceeded fixed costs.
Define reliability
What will be an ideal response?