Identify the Correct Statement About the Importance of Salespeople and Selling

question 92

Multiple Choice

Identify the correct statement about the importance of salespeople and selling.

• A) Salespeople are responsible for the success of new products, but have little to do with keeping existing products in the marketplace.
• B) Salespeople are responsible for keeping existing products in the marketplace, but have little to do with the success of new products.
• C) Only the medical profession generates more revenue in our economy than the selling profession.
• D) Salespeople have a direct impact on the opening of new businesses and whether that business is successful.
• E) Only the legal profession generates more revenue in our economy than the selling profession.

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Definitions:

Stock Splits

A corporate action where a company divides its existing stock into multiple shares to boost the liquidity of the shares.

Par Value Method

A method in accounting for the transaction of shares, where shares are recorded in accounts at their face or nominal value, often used in transactions related to bonds or share capital.

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders and holds, reducing the amount of outstanding stock on the open market.

Contributed Capital

The total value of all monetary and non-monetary assets that shareholders have provided to a company in exchange for shares of stock.