Compensation plans may need to vary depending on the type of salespersons
Which type of salesperson benefits from no ceiling or caps on commissions, overachievement commissions for exceeding quotas, and prize structures that allow multiple winners?
A) stars
B) core performers
C) dogs
D) cash cows
E) laggards
A
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Although he has amassed a vast fortune, Rudolf has decided not to prepare an estate plan because he believes that his surviving family members will divide up his assets appropriately. Which of the following is not a risk associated with failing to plan an estate?
a. His estate will incur excessive transfer taxes b. His favorite Porsche will not be transferred to his ex-wife, Rita c. His insurance policy on his own life will not be paid out to the named beneficiary d. His current wife, Gina, will not provide for his children from a previous marriage
The balance sheet for Greeley Contracting shows assets totaling $207,000 and liabilities totaling $95,000. Which of the following statements is correct?
A. Current assets are worth $92,000. B. Net income for the period is $112,000. C. Owners' equity equals $182,000. D. Owners' equity equals $112,000.