There are two types of contracts:

a. flat price and cost actuary
b. fixed price and cost additional
c. flat price and cost reimbursement
d. fixed price and cost reimbursement


d

Business

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Using a(n) ________ close, a salesperson would ask a prospect how much she would like to order

A) trial B) standing-room-only C) alternative D) assumptive E) follow-up

Business

If the standard to produce a given amount of product is 600 direct labor hours at $15 and the actual was 600 hours at $17, the rate variance was $1,200 unfavorable

Indicate whether the statement is true or false

Business

The T-account format is also called the chart of accounts.

Answer the following statement true (T) or false (F)

Business

The management of a company has introduced a new performance incentive scheme for its employees. Anticipating that the employees may raise objections to the change, the management calls for a meeting. In the meeting, the management highlights some of the benefits of the new incentive scheme, such as how the opportunity to earn more will enable them to spend more. Which of the following persuasion tactics is the company using?

A. The company is creating a frame for common ground to convince the employees to accept the changes. B. The company is providing specific social proof to persuade the employees to adapt to the changes. C. The company is using "efficacy" from the ACE Theory to persuade its employees. D. The company is using the employees' self-serving biases to their advantage.

Business