Big Market purchases different fruits from local farmers and then sells them to local restaurants and retailers. If the fruits rot before Big Market sells them, the store takes the loss. As an intermediary, Big Market is performing the function of ________.

A. channeling
B. risk-taking
C. market research
D. financing
E. sorting


Answer: B

Business

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The bank statement reveals an EFT payment made to one of the company's suppliers that has not yet been recorded in the journal. How would this information be included on the bank reconciliation?

A) an addition on the bank side B) a deduction on the bank side C) a deduction on the book side D) an addition on the book side

Business

The ratio of impressions to fans is a measure of:

A. engagement. B. amplification. C. community. D. fan acquisition.

Business

Answer the following statements true (T) or false (F)

1. Global sourcing is also known as outshoring. 2. The other methods of going global usually encompass global sourcing. 3. It is usually difficult for small businesses to go global, and they account for a small percentage of all exports. 4. In a strategic alliance, the two (or more) companies remain separate and independently controlled but share ownership and control of the new company they create. 5. Technology in communications and travel has clearly accelerated the speed of globalization of business.

Business

In the context of behavior-oriented rating methods, graphic rating scales that use critical incidents to anchor various points along the scale are known as behaviorally anchored rating scales (BARS).

Answer the following statement true (T) or false (F)

Business