Which of the Following Salespeople Is Likely to Succeed in Getting

question 31

Multiple Choice

Which of the following salespeople is likely to succeed in getting an appointment from a prospect?

• A) Grover, who attempts to deliver sales presentations to prospects over phone calls
• B) Yvette, who suggests a specific time when requesting for appointments with prospects
• C) Victor, who drops in on prospects unannounced
• D) Felicity, who requests for an appointment but expects the prospect to suggest the time
• E) Sam, who requests for an appointment but attempts to appeal to a prospect's buying motives using vague statements

Understand the duties and legal standing of promoters in corporate formation.

Grasp the concept of ultra vires acts and their significance in corporate operations.

Understand the implications of a corporation's citizenship and legal status.

Recognize the legal requirements and consequences regarding corporate bylaws, property, and liability.

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Definitions:

Insurance Company

A business that provides financial protection and compensation for losses in exchange for the payment of premiums.

Basis

The amount of investment in an asset for tax purposes, used to calculate gain or loss upon sale of the asset.

Related Party

Individuals or entities that have a close connection to a taxpayer that can affect financial transactions and tax reporting, such as family members or entities under common control.

Deductible

An expense that can be subtracted from income for tax purposes, reducing the taxable income.