Which of the Following Is a Type of Full-Service Merchant

question 314

Multiple Choice

Which of the following is a type of full-service merchant wholesaler?

• A) cash and carry wholesaler
• B) rack jobbers
• C) truck jobbers
• D) specialty merchandise wholesaler
• E) drop shippers

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Definitions:

Fiscal Year

A 12-month cycle utilized by corporations and governmental bodies for the purposes of financial statements and budget planning, not always coinciding with the January to December calendar year.

Principal Repayment

The process of paying back the original amount of money borrowed, excluding interest or other charges.

SUTA

State Unemployment Tax Act; a type of payroll tax that employers are required to pay to the state to fund unemployment benefits.

Withheld

pertains to the portion of an employee's income that an employer retains as a prepayment for taxes to the government.