Which of the following is true of repetitive person-to-person selling?
A. It is not considered suitable for selling services.
B. It is not a useful method for selling durables.
C. It involves selling products that are considered to be seasonal.
D. It involves the sale of frequently purchased products.
E. It involves selling products through home or office parties.
Answer: D
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The value assigned to shares in the articles of incorporation is referred to as ________.
A. stated value B. capital surplus C. fair value D. par value
With its current financial policies, Flagstaff Inc. will have to issue new common stock to fund its capital budget. Since new stock has a higher cost than reinvested earnings, Flagstaff would like to avoid issuing new stock. Which of the following actions would REDUCE its need to issue new common stock?
A. Increase the percentage of debt in the target capital structure. B. Increase the proposed capital budget. C. Reduce the amount of short-term bank debt in order to increase the current ratio. D. Reduce the percentage of debt in the target capital structure. E. Increase the dividend payout ratio for the upcoming year.
Panel presentations find you and ______ other people discussing a subject.
a. one b. three or four c. five d. ten
A business arrangement in which one party performs a variety of functions on behalf of the other party is:
a. agency. b. subrogation. c. representation. d. None of the above