It Is Not Good Practice to Include Time for Informal

question 63

True/False

It is not good practice to include time for informal meetings with customers to help develop relationships and provide staff to assist in relationship management.

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Definitions:

Flexible Budget

A budget that is conceived to flex with variations in activity scale or volume.

Selling

The process involved in promoting and transferring ownership of a product or service to a customer in exchange for payment.

Administrative Expense

Costs associated with the general administration of a business, including salaries of non-sales personnel, office supplies, and rent, not directly tied to production or sales.

Tenant-Days

A metric used in property management, representing the total number of days that tenants occupy a space within a specific period.