It should be noted that Personal selling requires that sales associates be friendly, knowledgeable, and helpful.
<h3>What is Personal selling all about?</h3>
Personal selling can be regarded as face-to-face selling where someone who is the salesman tries to convince the customer in buying a product.
It serves as a promotional method by which the salesperson uses his or her skills to sell goods.
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Neutrality is the characteristic that a new accounting standard should not favor one group of companies over others or achieve a particular social outcome. Because management wants to see the company grow, financial statements created by the corporation are by definition slightly skewed. This implies that they are more likely to indicate improved performance while omitting to disclose negative incidents.
Management must produce entirely objective financial accounts in order to be neutral. For instance, a business that has knowledge of a potential lawsuit must record it in its financial statement notes. The financial statements would become unreliable in the eyes of creditors and outside investors if this information were withheld.
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Answer:
According to F.A. Hayek, the fundamental problem facing every society is how to use limited resources in the most optimal way possible.
Explanation:
To Hayek, this problem could not be fully solved by any society, but the best a society could do is to rely on the price system, only possible under a free market, to signal which uses were more optimal than others.
This is also the reason why F.A. Hayek, along with fellow Austrian economists Ludwing Von Mises, believe that socialism could not work: socialism, according to Hayek and Mises, destroyes the price system, and without it, society has no rational way to allocate resources in an optimal way.
Answer:
B) raises the price buyers pay and lowers the price sellers receive.
Explanation:
A tax can be defined as the compulsory levy by the government on the income of an individual or company and the goods and services. It is used to generate income in a country in order to finance the expenditures of the government.
Types of tax
• Income Tax: This is the compulsory levy by the government on the income of an individual.
•Corporate Tax: This is the levy paid by corporate organzation on their Profits.
•Sales Tax: It is levied on goods and services. This type of tax increases the price of a product thereby making buyers to pay more. The sellers receives lower prices because they will deduct tax from what the sellers have paid and pay to the government.
•Property Tax: It is levied on the value of land or property.
•Tariff: Tax paid on imported goods. It is used to discourage importation. An increase in import tariff leads to an increase in price of the Commodity thereby leading to decrease in quantity purchased.
There are three basic tax laws
1) Progressive tax
2) Regressive tax
3) Proportional tax.
Answer:
Disseminator role.
Explanation:
Disseminators play the important part of communicating important and useful information to colleagues and the team. Generally managers are responsible for transmitting information regarding management expectations to employees with a view of achieving organisational goals.
Tyler as a finance manager at an automobile manufacturing company. Collects information from summer interns regarding improvements in finance strategy. He communicates this information to the Chief Financial Officer. This is a dissemination function by Tyler.