Mark, an owner of a small food retailer, goes to Simons Foods every week to buy food products that he sells at his store. What type of wholesaler is Simons Foods?
A) rack jobber
B) full-service
C) cash-and-carry
D) drop shipper
E) manufacturer's sales office
Answer: C
Explanation: C) A cash-and-carry wholesaler is one that retailers go to directly to buy their products from, paid in cash.
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Answer the following statement true (T) or false (F)
The primary difference between an insurance agent and an insurance broker is:
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A. Alejandro will definitely be successful because Helen had a duty to report any defects about the house. B. Alejandro will probably be successful because there was a relationship of trust between himself and Helen. C. Alejandro will definitely succeed because he bought the house under duress. D. Alejandro will probably not be successful; this is something he could have reasonably been expected to notice himself.
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A. out of Finished Goods Inventory and into Work in Process Inventory. B. out of Finished Goods Inventory and into Cost of Goods Sold. C. out of Work in Process Inventory and into Manufacturing Overhead. D. out of Work in Process Inventory and into Finished Goods Inventory.