In practice,
A) the structure of the corporation separates owners from managers.
B) the corporate board selects the main corporate officers.
C) the corporate board is elected by the shareholders.
D) All of the above are true.
Answer: D
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Sales territories should, in most cases, be established on the basis of:
A) seniority of salespeople B) prospects for new accounts C) mature product lines D) number of customers E) sales potential
John buys a watch for $100 at a vintage store. Later, the store learns that the watch was worn by Sean Connery in a James Bond movie and wishes to rescind the sales contract they have with John
Which of the following statements is true in this scenario? A) The store can rescind the contract immediately and refund $100 to John. B) The store can recover from John the difference between the value of the watch and the amount paid by John. C) The store can declare the contract void and pay John no money. D) The store cannot rescind or void the contract.