Author a Accepts a $5,000 Advance and a 10% Royalty

question 14

Multiple Choice

Author A accepts a $5,000 advance and a 10% royalty after 5,000 books are sold.Author B foregoes the advance and negotiates for a 15% royalty on all books sold.Author C decides to self publish his book and keep 50% of all sales revenue.Which of these authors is most likely to have 10 books published?

• A) Author A
• B) Author B
• C) Author C
• D) They are all equally likely.

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Definitions:

Succession Planning

A strategy for passing on leadership roles, often the ownership of a company, to an employee or group of employees.

Key Position

A role within an organization that is critical for its operation and success, often requiring specialized skills or carrying significant responsibilities.

Rapid Growth

A phase where a company or economy experiences a significantly higher than average increase in sales, revenue, or other financial metrics.

Feedback Step

A stage in a process or system where information is provided regarding the outcomes of actions or performance, often for the purpose of improvement.