What three goals should you have when answering routine requests and a potential sale is involved?
What will be an ideal response?
Answer: Your goals should be: (1) to respond to the inquiry and answer all questions, (2) to leave your reader with a good impression of you and your firm, and (3) to encourage the future sale.
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Which of the following establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers who have their places of business in different nations?
A. Contracts for the International Sale of Goods B. Bill of Exchange C. United Nations Charter D. International Forwarding Agent Contract E. International Promissory Note
Which of the following is NOT a weakness of the payback method of capital budgeting?
A) There is no EXPLICIT time value of money calculation. B) There is no attempt to distinguish between cash flows in the earlier years and cash flows in the later years. C) It does not given any consideration to cash flows expected to occur beyond the payback period. D) All of the above are weaknesses with the payback period method.