Which of the following statements regarding sales leadership is false?
a. sales leadership is the day-to-day control of the salesforce under routine operating conditions.
b. sales leadership involves activities that influence others to achieve common goals for the collective good of the sales organization and the company.
c. senior sales leadership influences the entire sales organization or a large subunit. typical senior sales leadership titles are chief sales executive, national sales manager or regional sales manager.
d. for field sales managers, leadership involves influencing assigned salespeople by creating a climate that inspires salespeople.

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) wacc %