If Salespersons Are Paid Commissions That Are a Set Percentage

question 72

Multiple Choice

If salespersons are paid commissions that are a set percentage of sales, which product would they prefer to sell? In other words, if it is a choice between selling one unit of one product and one unit of another, which product would they prefer to sell?

• A)I400
• B)I300
• C)I200
• D)I100

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Definitions:

Parol Evidence Rule

A legal principle that prevents parties in a written contract from presenting external evidence that contradicts or adds to the written terms of the contract.

Written Contract

An agreement between parties that is recorded in a tangible form on paper or digitally, detailing the terms and conditions bound by law.

Subsequent

Pertaining to events or actions that occur after a specified point in time.

Statute of Frauds

A legal principle requiring certain contracts, such as those for the sale of land or goods over a certain value, to be in writing and signed by the party to be charged to be enforceable.