Using ________, retailers can share real-time data on sales and current inventory levels with suppliers
A) automated storage and retrieval systems (ASRS)
B) vendor-managed inventory (VMI) systems
C) transportation management systems (TMS)
D) warehouse management systems (WMS)
E) distribution center management systems (DCMS)
B
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Merchant wholesalers are the largest single group of wholesalers, accounting for roughly 50 percent of all wholesaling
Indicate whether the statement is true or false
The _______ approach is particularly useful in helping prevent “idea paralysis.”
a. ABC b. 123 c. letter d. chart
The cash discount terms for a purchase worth $1,000 made on August 1 are 3/10, net 30. How much will a buyer have to pay if he or she makes the payment on August 7?
A. $30 B. $970 C. $930 D. $1,000 E. $1,030
Riva borrows $10,000 that she intends to use for purchasing supplies for her business. She temporarily deposits the funds in her personal checking account. Prior to the deposit, the checking account held $40,000 of personal funds. Riva books a vacation for $6,000 and writes a check to the travel agency from her personal account. Later in the month, the business supplies bill arrives and Riva writes a check for $10,000 from the personal account. With respect to the interest expense on the $10,000 loan,
A. 20 percent will be treated as trade or business expense. B. 60 percent will be treated as personal interest expense and 40 percent as trade or business expense. C. it will all be treated as trade or business expense. D. it will all be treated as personal expense.