Which of the Following Phrases Best Explains What a "Draw

question 95

Multiple Choice

Which of the following phrases best explains what a "draw" is?

• A)a lump-sum payment or bonus at the end of the month
• B)a means of making a sales employee's pay less secure in order to motivate higher performance
• C)an amount advanced to a sales employee and repaid from future commissions
• D)a system by which sales employees "draw down" their sales quotas

Explain the role of intention in contract formation and interpret contracts using both objective and subjective standards.

Understand the conditions under which silence can be considered acceptance.

Distinguish between valid offers and advertisements.

Know the effect of specifying or not specifying the method of acceptance in an offer.

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Definitions:

Emerging Markets

Countries with social or business activity in the process of rapid growth and industrialization, often characterized by high investment potential.

Benefit Corporation

A type of legal structure for businesses that seeks to make a positive impact on society, workers, the community, and the environment in addition to profit.

Positive Outcome

A result or effect that is beneficial, desirable, or favorable in terms of meeting objectives or expectations.

Multiple Objective Trap

The difficulty in decision making when facing several objectives that may not be completely compatible with each other.