An Individual Director Acts as an Agent to Bind the Corporation

question 46

True/False

An individual director acts as an agent to bind the corporation.

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Definitions:

Sales Management

Planning the selling program and implementing and evaluating the personal selling effort of the firm.

Selling Program

A planned set of activities and strategies designed to successfully sell a product or service to a target market.

Personal Selling

The two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person’s or group’s purchase decision.

CFOs

Chief Financial Officers, the executives responsible for managing a company's financial actions.