Maintaining High Ethical Standards

question 28

Multiple Choice

Maintaining high ethical standards:

• A)can strengthen your relationship with a customer
• B)should be secondary to closing a sale
• C)is rare in the world of sales
• D)will lead to lost revenue for a company
• E)often puts you in conflict with your customers

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Definitions:

Fixed Cost

Costs that remain constant in total, regardless of changes in the level of production or sales volume, such as rent, salaries, and insurance.

Budgeted Fixed Expenses

Estimated costs that do not change with the level of activity within a certain range and time period.

Inventory Purchases

The total cost of buying raw materials and goods for sale during a specific accounting period.

Collection Pattern

A specific sequence or method used to collect data, payments, or resources, often used in accounting or project management.