If an Internal Service Fund Is Created to Improve the Management

question 57

True/False

If an internal service fund is created to improve the management of resources devoted to the supply function,the supplies fund should use periodic inventory accounting instead of perpetual physical inventory accounting.

Recognize the objectives and activities associated with each stage of the personal selling process.

Identify tactics and techniques for prospecting and qualifying leads.

Understand the importance of the approach stage in creating a positive first impression.

Recognize the role of cultural sensitivity and rapport-building in international sales during the preapproach and approach stages.

---

Definitions:

Court of Equity

A judicial body that resolves disputes based on fairness and equitable principles, rather than strictly adhering to the letter of the law.

Adequate Remedy

Refers to a form of legal relief or compensation that sufficiently addresses a harm or wrong done to a party.

International Court

A judicial body established by states to adjudicate legal disputes among nations, such as the International Court of Justice.

Equitable Maxim

A principle or proposition of law applied in the administration of equity based on fairness, moral righteousness, and justice, rather than strict rules of law.