Typically, when consumers are in a "passive" shopping mode
A. they are purposefully seeking assistance in order to make informed purchase decisions.
B. they seek help from search engines in selecting brands of their choice.
C. the information and advice they need to make a purchase comes to them unsolicited.
D. they are perpetually in an information processing role.
E. they tend to visit the website of a company or brand for product information.
Answer: C
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Concerning purchase discounts, which one of the following statements is true?
A) Purchase discounts taken should be deducted from the acquisition cost of the inventory. B) The net price method results in recording accounts payable at the maximum value of the liability that the company may be required to pay out. C) Purchase discounts lost should be included in the cost of inventory. D) An advantage of the gross price method is that it isolates purchase discounts lost and thus highlights inefficiencies.
Assume that on January 15, a customer who owes Shawni sales company $1,000 is declared bankrupt by a federal court. The entry that would be made to write off this account is:
a. Allowance for uncollectible 1,000 Accounts receivable, customer account 1,000 b. Accounts receivable 1,000 Cash 1,000 c. Accounts receivable 1,000 Notes receivable 1,000 d. Cash 1,000 Accounts Receivable 1,000
What is a supply chain planning system?
A. Ensures supply chain cohesion by automating the different activities of the supply chain. B. Views all areas up and down the supply chain in real time. C. Uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain while reducing inventory. D. Occurs when distorted product-demand information ripples from one partner to the next throughout the supply chain.
An online book store has a distinct disadvantage over a traditional model in the area of
A) Product variety B) Transportation C) Product availability D) Flexible pricing