Global Insurance sells health and life insurance policies to Fortune 500 companies for its employees. The company's salespeople regularly contact decision makers to ensure that the necessary paperwork has been filed and that contracts are executed

Updates are also provided regularly about premium changes for health insurance. Which of the following steps of the selling process does this scenario depict?
A) approach
B) presentation
C) closing
D) follow-up
E) preapproach

D

Business

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A specialized asset is an asset that is used to perform day-to-day activities.

a. true b. false

Business

Mason Painting Services has a weekly payroll of $24,000. December 31 falls on Wednesday and Mason will pay its employees the following Monday (January 5 ) for the previous full week

Assume that Mason has a five-day workweek and has an unadjusted balance in Salaries Expense of $770,000. What amount should be debited to Salaries Expense on December 31? A) $770,000 B) $9,600 C) $24,000 D) $14,400

Business