The Difference Between a Local Hire Salesperson and a Third-Country

question 21

Multiple Choice

The difference between a local hire salesperson and a third-country salesperson is:

• A)a local hire salesperson is on a management track,while a third-country salesperson makes increasingly higher sales commissions each year
• B)a local hire salesperson is able to offer bribes,while a third-country salesperson is prohibited from offering bribes
• C)a local hire salesperson is likely to have more experience selling,while a third-country salesperson has more experience blending into the local culture
• D)a local hire salesperson should be paid in the local currency,while a third-country salesperson should be paid in US dollars
• E)a local hire salesperson comes from the country the company operates in,while a third-country salesperson comes from a different country entirely

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Definitions:

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditure to the correct periods.

Asset Account

A financial account that represents the resources owned by a company, which have future economic value.

Liability Account

An accounting record that represents debts or obligations a company owes to others.

Cash Basis

An accounting method where revenues are recognized when received and expenses when paid, contrasting with accrual basis accounting.