Organizational Groupings in Which Sales Territories Are Subdivided According to Location

question 118

Multiple Choice

Organizational groupings in which sales territories are subdivided according to location are referred to as

• A) functional groupings.
• B) reseller groupings.
• C) geographical groupings.
• D) product line groupings.
• E) market-based groupings.

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Definitions:

Blank Endorsement

A signature without any restrictions or instructions, allowing any holder of the document to execute a transaction.

Endorsed

The act of signing the back of a negotiable instrument, such as a check, thus transferring rights or title to another party.

Payee

The party in whose favor a check, draft, or note is made, entitled to receive the payment from the payer.

Drawer

The person or entity that writes a check or draft instructing the drawee to pay someone else.