Which of the Following Would Be an Example of a Salesperson

question 81

Multiple Choice

Which of the following would be an example of a salesperson who is moonlighting unethically?

• A) A retail sales clerk who works Monday through Friday and is taking a weekend MBA program.
• B) A building supply salesperson who sells vacation real estate on company time.
• C) A travel agent who sells antiques on the Internet during the weekends.
• D) A fire equipment salesperson who demonstrates her equipment to prospects by setting real fires.
• E) A retail ad salesperson who tells his wife when store sales are scheduled before they are announced to the public.

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Definitions:

Stock Dividend

A dividend payment made to shareholders in the form of additional shares rather than cash, adjusting the ownership proportionately.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuing party, often used in the accounting of share capital.

Capital in Excess of Par

The amount by which the proceeds from the issuance of shares exceed the par value of the shares, often recorded in the shareholders' equity section of the balance sheet.

Homemade Dividend

A strategy where investors create their own dividend policy by selling a portion of their portfolio.