Loretta Jones,who Works as a Sales Manager in a Telecom

question 61

Multiple Choice

Loretta Jones,who works as a sales manager in a telecom company,needs to present a report to the directors at the end of every financial year on the sales generated by the company.For her upcoming presentation,which of the following statements should she use for the audience to recall the background on company's growth presented in her last report?

• A) "As you know, the company had a 25 percent increase in sales last year."
• B) "Does anyone remember the sales figures of last year?"
• C) "You may not recall but the company's sales rose by 25 percent last year."
• D) "The company's sales rose by a significant 25 percent last year."
• E) "All of you, who remember last year's sales figures, please raise your hands."

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Definitions:

Auction Without Reserve

An auction in which the item for sale will be sold regardless of the price, as there is no minimum bid or reserve price.

Open Price Term

In a contract, a provision that allows the price to be determined later based on agreed criteria or market conditions.

Finance Lease

A type of lease in which it is assumed that the lessee will use the leased asset for a significant portion of its useful life, and the lease payments cover the full cost of the asset along with providing a return to the lessor.

Secured Transaction

A financial agreement in which the borrower pledges collateral to the lender to secure repayment of a loan.