Which of the Following Ordinarily Is the Least Controversial Sales

question 87

Multiple Choice

Which of the following ordinarily is the least controversial sales force travel and business expense,from the company's standpoint?

• A)Personal telephone calls to home.
• B)Rental cars for calls on out-of-town customers.
• C)Laundry.
• D)Gasoline for personal use of company car.
• E)Gifts for customers.

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Definitions:

Interest

The cost of borrowing money, usually expressed as a percentage of the principal, paid by the borrower for the use of borrowed funds.

Rate of Return

The positive or negative change in an investment's worth within a specific period, shown as a percent of the cost of the investment.

Investment Account

A financial account held at a financial institution that holds investments such as stocks, bonds, mutual funds, and other assets for the investor.

Compounding Effect

The method by which an investment's worth grows over time as the returns it generates, including both capital gains and interest, themselves accumulate interest.