A two-party secured transaction occurs when a seller sells goods to a buyer on credit and retains a security interest in the goods
Indicate whether the statement is true or false
TRUE
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Compensation plans may need to vary depending on the type of salespersons. Which type of salesperson benefits from multi-tier targets that serve as stepping stones for achievement and sales contests with prizes that vary in nature and value?
A) stars B) core performers C) dogs D) cash cows E) laggards
For the year ending December 31, 2019, the partnership reported net income of $55,000. What is Lori's share of the net income?
Lori and Peter enter into a partnership and decide to share profits and losses as follows: 1. The first allocation is a salary allowance with Lori receiving $16,000 and Peter receiving $18,000. 2. The second allocation is 15% of the partners' capital balances at year end. On December 31, 2019, the capital balances for Lori and Peter are $90,000 and $20,000, respectively. 3. Any remaining profit or loss is allocated equally. A) $29,500 B) $20,250 C) $31,750 D) $23,250
A patient of Dr. Albrecht told the dentist he needed to buy a machine that would sterilize his dental tools without using any water because water tends to cause the tools to rust or corrode over time
Dr. Albrecht, who runs a solo practice in a small town, located some articles on the chemical sterilizer and read about how the suggested machine works. After gathering more information and talking to salespeople, Dr. Albrecht placed his order for the machine. In terms of the buying center, Dr. Albrecht had the role of ________. A) liaison B) decider C) agent D) expert E) researcher
Citizen marketers who generate a lot of short-term but heavy interest in a product are referred to as
A) fanatics. B) facilitators. C) firecrackers. D) filters. E) flacks.