Dell Uses the Sales-Order Ratio to Measure the Performance of Its

question 94

Multiple Choice

Dell uses the sales-order ratio to measure the performance of its salespeople. If, in the past year, a salesperson made $2 million in sales, called on 5,250 potential business customers (either by phone or in person) , and got 3,124 orders, what was this sales rep's sales-order ratio (to the nearest whole number amount) ?

• A) $510
• B) $540
• C) $580
• D) $640
• E) $700

---

Definitions:

Economic Boom

A period of significant economic growth, expansion, and prosperity.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Purchasing Power Parity Theory

An economic theory that states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.

Market Basket

A fixed set of goods and services used to monitor changes in price levels and purchasing power over time, often used in calculating inflation.