When You Phone to Buy Tickets for a Visit to the Biltmore

question 44

Multiple Choice

When you phone to buy tickets for a visit to the Biltmore Estate in North Carolina,the telemarketers are friendly and helpful.Before the conversation ends,the telemarketers ask customers to call if they encounter any problems.What level of relationship does this exemplify?

• A) Accountable relationship
• B) Basic transactional
• C) Reactive relationship
• D) Partnership
• E) Proactive relationship

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Definitions:

Equity Method

is an accounting technique used to record investments in associated companies where the investor has significant influence but not full control.

Cost Method

An accounting method used to value holdings in another company at the cost of acquisition plus any additional costs incurred.

Carrying Amount

The value at which an asset is recognized on the balance sheet after deducting any accumulated depreciation and impairment losses.

Associate

In a business context, this usually refers to a person or entity that is connected with another as a partner, colleague, or member of an enterprise.