In the context of improving leadership performance, which of the following best describes the term "statesmanship"?
A. The ability to work with and through other people
B. The ability to achieve results, regardless of obstacles
C. The generation on new and usable ideas
D. The taking of the absolute best as a standard and trying to surpass that standard
Answer: A
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Which of the following would be considered a capital expenditure?
A) Business vehicle tune-up B) Equipment maintenance C) Installation of an air-conditioning system D) Professional deep cleaning of display room carpet
Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. According to the company's leading salesperson, Peter Austin, "We have lots of repeat corporate customers as a result of the importance we place on getting the hampers out on time and filled with the right products." Peter Austin is extremely successful and the major reason for his success is the way he handles objections. He believes that effectively handling objections is the key to success in
a sales profession. Today he is calling the CEO of Diamonite to make an important sales presentation. Austin is confident of handling the objections as he has prepared for the call.Later during the presentation, the CEO said, "Our customers don't expect us to give them presents." The CEO: A. used the no-need objection. B. recognizes Austin's use of the sequential-yes close. C. is uncomfortable with forestalling. D. used the postponing objection. E. created a situation in which Austin should use the showmanship preapproach.
Cycle inventory is used because
A) the world is perfectly predictable. B) demand is uncertain and may exceed expectations. C) it involves making a trade-off between the costs of having too much inventory and the costs of losing sales due to not having enough inventory. D) it focuses on processes that are external to the firm.
Moreno Company began Year 1 with a balance of $300 in Sales Tax payable. During the year, the company recorded taxable sales of $92,500. The ending balance in Sales Tax payable was $445. Moreno's sales tax rate is 4%.Required:a) How much sales tax did Moreno collect during Year 1?b) How much sales tax did Moreno remit (pay to taxing authority) during Year 1?
What will be an ideal response?