The salesperson needs to understand both his or her superior's expectations and the kind of selling that is necessary to be successful. This knowledge is called:

A) role perception.
B) role reversal.
C) role acceptance.
D) role requirements.

A

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Which of the following is true of a promissory estoppel?

A) It is invoked in cases having option contract infringements. B) It permits a court to order enforcement of a contract that lacks consideration. C) It allows for a party to claim goods, which were revoked, for which it has already paid consideration. D) It is invoked in cases that involve a promissory note to pay considerations at a later time.

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Which of the following primary principles of U.S. translation procedures in NOT true?

A) If the financial statements of the foreign subsidiary of a U.S. company are maintained in U.S. dollars, translation is not required. B) If the financial statements of the foreign subsidiary are maintained in the local currency and the local currency is the functional currency, they are translated by the temporal method. C) If the financial statements of the foreign subsidiary are maintained in the local currency and the U.S. dollar is the functional currency, they are remeasured by the temporal method. D) All of the above are true.

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