Which of the Following Statements Most Describes Someone Engaged in Personal

question 60

Multiple Choice

Which of the following statements most describes someone engaged in personal selling?

• A)The governor directs the state's legislature to enact a law that provides more legal protection for abused children.
• B)Jackson's parents loan him $1,000 to repair his car.
• C)A mother removes her children for misbehaving at the restaurant.
• D)Vivian interviews for a job she really wants.
• E)Your professor gives you a choice of essay or multiple choice questions.

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Definitions:

Intercompany Profits

Earnings generated from transactions between divisions or subsidiaries within the same corporation, which may be eliminated in consolidated financial statements.

Inventory

The items a business holds for the main purpose of resale or the raw materials used to produce goods for sale.

Management Fees

Fees charged by managers for the operation, management, or administration of a property, fund, or project.

Consolidated Financial Statements

Consolidated financial statements present the financial position and results of operations for a parent company and its subsidiaries as if they were a single economic entity.