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Scenario 18

question 113

Multiple Choice

Scenario 18.2 Use the following to answer the questions.The Presto Company manufactures several types of household appliances, including blenders, waffle makers, and home deep fryers. Presto sells its products to retail stores such as Kohl's, Macy's, and J.C. Penney's, through its own salesforce. Kerry Wilson is one of Presto's salespeople, and is responsible for stores headquartered in Region 1 of the U.S. Kerry has just come from a monthly meeting where she has been informed about the new stovetop grill that will be part of next season's lineup. Presto's marketing department has developed a promotional plan for the new grill and outlined that plan for the sales staff in the meeting. The promotional plan for the next 60 days will include television commercials which demonstrate the new grill, in-store rebates, and a customer contest for the best grilled sandwich recipe. In addition, Kerry and other members of the salesforce will be given a free grill for their own home use so they can become more familiar with the product. Presto is also offering a free trip to New York City for their staff salesperson who has the highest dollar in sales to his or her stores. To encourage the retail stores to push this product, Presto will offer the retail store a $5 discount for each grill that the store purchases after the 60-day promotion is over.
-Refer to Scenario 18.2. Kerry and the other salesforce members are best described as a ____ sales force.

Explain causation in fact (actual cause) and proximate cause in negligence law.

Distinguish between various types of damages (compensatory, punitive, nominal) and their purposes.

Apply the doctrine of negligence per se and understand its implications.

Understand the role of res ipsa loquitur in proving negligence.

Definitions:

Treasury Bills

Short-term government securities with maturity periods typically of one year or less, considered a low-risk investment.

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Equity in publicly listed Canadian corporations, indicative of part ownership in these enterprises.

Risk Premium

The extra yield an investor anticipates earning for accepting greater risk relative to a risk-free investment.