At Little Corp

question 27

Multiple Choice

At Little Corp., Rick works as an order taker while Dev works as a missionary sales rep. Sasha is the only creative seller in the firm. Which of the following is most likely to happen when Rick encounters a situation that involves a major purchase decision if they follow a typical personal-selling procedure?

• A)Rick may attempt to close the sale himself only for this one time.
• B)Rick may route the sale to Sasha.
• C)Rick may route the sale to Dev.
• D)Rick will make the decision himself as part of his responsibilities.
• E)Rick may take the decision after consulting with Dev.

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Definitions:

Nature Of Loss

A classification that determines how a loss is treated for tax purposes, often related to whether it's from a capital asset, ordinary income, or other sources.

Average Cost Method

An inventory costing method used to determine the cost of goods sold and ending inventory by averaging the costs of all items available for sale.

Schedule D Transactions

Refers to a tax form used in the U.S. to report capital gains and losses from the sale, exchange, or disposition of capital assets.

MACRS

Modified Accelerated Cost Recovery System, a method of depreciation in the U.S. for tax purposes, allowing faster recovery of investments in certain property through depreciation deductions.