Jin Xiao, a Trained Engineer, Is a Salesperson for a Chemical

question 135

Multiple Choice

Jin Xiao, a trained engineer, is a salesperson for a chemical manufacturer. He provides current customers with advice about a product's characteristics and applications. He is a(n)

• A)missionary salesperson.
• B)trade salesperson.
• C)field order taker.
• D)inside order taker.
• E)technical salesperson.

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Definitions:

Contingent Liability

A potential financial obligation that depends on a future event that is not certain to happen.

ASPE

Accounting Standards for Private Enterprises; a set of accounting principles and guidelines designed specifically for private companies in Canada.

Accounting Records

Documents and books that systematically capture all financial transactions of a business, serving as the foundation for its financial statements.

Adjusting Entry

Accounting entries made to update the records for accruals and deferrals that were not recorded during the accounting period.