David Is Part of a Sales Group

question 107

Multiple Choice

David is part of a sales group.On many aspects of the sales strategy,he thinks that his group is making a big mistake,but he decides to give into the pressure and go along with what they decide.In the context of conformity,this change is best described as:

• A)compliance.
• B)reactance.
• C)acceptance.
• D)independence.

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Definitions:

Par Value

The nominal value of a bond or stock as declared by the issuer, which may not correspond with its value on the market.

Treasury Stock

Shares of a company’s own stock that it has reacquired and holds in its treasury.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest of shareholders.

Financial Statements

Compiled financial data reports that reflect a company's financial condition, performance, and cash flow, including balance sheet, income statement, and statement of cash flows.