Question

According to the text, management contracts usually stipulate that a fee of __________ be paid to the firm providing the management expertise.
A. 2 to 5 percent of sales
B. 30 to 50 percent of sales
C. 2 to 5 percent of profits
D. 30 to 50 percent of profits
E. 5 to 7 percent of profits

Answer 1

Answer:

A. 2 to 5 percent of sales

Explanation:

According to the text, management contracts usually stipulate that a fee of 2 to 5 percent of sales be paid to the firm providing the management expertise.

Answer 2

Answer:

A. 2 to 5 percent of sales

Explanation:

Proper management is necessary for the success of any company, therefore, it is important to applaud firms who provide management expertise at different levels. This is because it is their responsibility that all organizational goals are met.

A commitment from the organization in the form of sales percentage is given to the firm providing management expertise. According to the text, a fee of 2 to 5 percent of sales is paid to the firm providing management expertise.