Ensuring That Salespeople Know the Ethical and Legal Framework for Their

question 18

Multiple Choice

Ensuring that salespeople know the ethical and legal framework for their markets, including cultural and global market variations, is a salesforce response to which of the following issues?

• A) Complexity issues
• B) Adaptability issues
• C) Collaboration issues
• D) Commitment issues
• E) Accountability issues

Comprehend the rights of shareholders, including minority shareholders, and their mechanisms for accountability and protection.

Recognize the legal and financial consequences of directors’ decisions on dividends, loans, and corporate assets.

Grasp the role and legal obligations of promoters in the creation of a corporation.

Identify the duties a shareholder might owe to a corporation and the impact of their actions on corporate governance.

---

Definitions:

Capital Stock

The total amount of physical goods or assets that a company or country uses in the production of goods and services.

Marginal Product

The additional output that can be produced by adding one more unit of a specific input, while holding all other inputs constant.

Factor of Production

A resource utilized in the creation of goods and services that encompasses labor, capital, land, and entrepreneurship.

Revenue

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.