Please indicate the proper sequence of the acquisition cycle: 1 . Approval of items for payment. 2 . Authorized requisition for goods or services. 3 . Cash disbursements. 4 . Receipt of goods and services. 5 . Authorized purchase of goods or services
a. 2, 5, 4, 1, 3
b. 2, 4, 5, 1, 3
c. 2, 1, 4, 5, 3
d. 2, 5, 1, 4, 3
a
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The states retain the exclusive power to regulate intrastate commerce.
Answer the following statement true (T) or false (F)
Which one of the following statements about retailers and retailing activities is true?
A) Retailers create form utility. B) Most retailers are multi-million dollar operations. C) Retailers are members of channels of distribution. D) About half of all U.S. workers are employed by retailers. E) Retailers sell only to businesses.
All of the following are advantages of using trucks EXCEPT
A. handling a variety of goods. B. fast delivery speed. C. serving a limited number of locations. D. reliability in meeting delivery schedules. E. flexibility.
A restaurant runs a special promotion on lobster and plans to sell twice as many lobsters as usual. When this large order is sent to the distributor, the distributor assumes the large size is a trend, not a one-time event. The distributor therefore places an even larger order with the lobsterman. This behavior is the result of which of the following?
A) double marginalization B) the bullwhip effect C) CPFR D) postponement E) vendor-managed inventory