Most of What Is Contained in a Sales Agreement Is

question 9

Multiple Choice

Most of what is contained in a sales agreement is the same in the contract for a domestic representative as for an export sale.However,which of the following is among the two areas requiring special attention in an export sales contract?

• A) Designation of responsibilities for collection of monies.
• B) Designation for managing promotion of the product.
• C) Designation of responsibilities for patent and trademark registration.
• D) Designation of the deadline and mechanisms for completing the sale.

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Definitions:

Defined Benefit Plan

A pension plan where an employer promises a specified pension payment upon retirement, calculated based on the employee's earnings history, tenure of service, and age.

Retirement Accounts

Financial accounts that offer tax benefits and are specifically designed to save and invest for retirement.

Lump Sum Amount

A single payment made for a particular purpose, rather than payments made in installments.

Employee Retirement Income Security Act

A federal law that sets minimum standards to ensure that voluntary, private industry pension and health plans are established and maintained in a fair and financially sound manner.