The mission of 3M, “Have a perpetual quest to solve problems,” is ______.

a. narrow
b. impossible
c. broad
d. not very good


c. broad

Business

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A prospect says, "I cannot afford to pay $600 for this TV." A salesperson should feel confident that the prospect is setting a condition.

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

Business

__________ is a means of adjusting the exchange rates for two currencies so the currencies have equivalent purchasing power.

What will be an ideal response?

Business

A method of estimating bad debts expense that involves a detailed examination of outstanding accounts and the length of time past due is the:

A. Aging of accounts receivable method. B. Direct write-off method. C. Percent of accounts receivable method. D. Aging of investments method. E. Percentage of sales method.

Business

Jennifer, shift manager at Budget Furniture, told her roommate, "Work isn't much fun right now. I acknowledge that I have very little experience in the retail industry, but I just can't get my floor staff to perform their duties unless I use coercive power. Over and over, I'm threatening to cut a non-performer's hours unless he or she improves performance. That seems to be the only way that I can exert influence over them to make them perform their duties, but even then they don't respect my position as their manager." Based upon this discussion, why are Jennifer's floor staff willing to comply with her direction?

A. They respect her position and responsibility as their supervisor. B. They respect her judgment. C. They respect her experience and technical abilities. D. They want to avoid punishment. E. They want to emulate her leadership characteristics.

Business