What are the actions to be taken by a salesperson when a product is unsatisfactory?
What will be an ideal response?
Some possible settlements when a product is unsatisfactory are the following:
1) Replace the product without cost to the customer.
2) Replace the product and share the costs with the customer.
3) Instruct the customer on how to proceed with a claim against a third party.
4) Send the product to the factory for a decision.
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The journal entry a company records for the payment of interest, interest expense, and amortization of bondpremium is
a. debit Interest Expense, credit Cash and Premium on Bonds Payable b. debit Interest Expense, credit Cash c. debit Interest Expense and Premium on Bonds Payable, credit Cash d. debit Interest Expense, credit Interest Payable and Premium on Bonds Payable
The department in an organization that is responsible for preparing the invoice approval form to document all of the information about a particular purchase is:
a. the human resources department. b. the purchasing department. c. the receiving department. d. the accounting department.
Conducting personal business online during work hours is called
A. cyberbullying. B. cyberdefamation. C. cyberstalking. D. cybersquatting. E. cyberslacking.
Four major drug companies got together and decided to set the prices they would all charge for Vitamin B and they also divided up sales territories and determined how much each company would
sell in each area. Which of the following statements is FALSE? Each company A) could be found guilty of conspiracy B) could be found guilty of price fixing C) could be fined up to $25million and face up to 14 years in jail D) face administrative monetary penalties of up to $10 million E) could receive a prohibition order