You Are Responding to a Letter from a Potential New

question 36

Multiple Choice

You are responding to a letter from a potential new client named Pat Fox and do not know if "Pat" is a man or a woman.Which of the following is the LEAST acceptable strategy?

• A)Assume that Pat is male, since no title was given, and write "Dear Mr.Fox."
• B)Call the company to ask the receptionist whether Pat Fox is male or female.
• C)Use the full name in the salutation and write "Dear Pat Fox."
• D)Use a letter format that omits the salutation.

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Definitions:

Nominal Annual Cost

The cost of a product or service stated in current year prices without adjusting for inflation or deflation.

Trade Credit

A type of commercial financing where suppliers allow customers to purchase goods or services and pay for them at a later date.

Purchase Date

The date on which an asset or security was bought.

Cash Conversion Cycle

A metric that shows the time span between a company’s purchase of inventory and the receipt of cash from accounts receivable.