In the Most Recent Sales Evaluation, Greg Had Twenty Percent

question 4

Multiple Choice

In the most recent sales evaluation, Greg had twenty percent more sales than the next best salesperson. This is indicative of Greg's:

• A) Advertising effectiveness
• B) Time utilization
• C) Ability to close sales
• D) Personality
• E) Nonselling activities

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Definitions:

Ultra Vires

A Latin term meaning “beyond the powers”; in legal context, actions taken by a corporation or company officials that are beyond their legally granted corporate powers.

Quorum

That number of persons, shares represented, or officers who may lawfully transact the business of a meeting called for that purpose.

Adopting And Amending Bylaws

The procedure for creating and modifying the rules that govern the internal management of an organization, typically requiring approval by its governing body or members.

Straight Voting

Straight voting is a voting system in corporate shareholder meetings where each shareholder's voting power is proportional to the number of shares they own, used mainly in electing directors.