Use the Following to Answer Questions

question 101

Multiple Choice

Use the following to answer questions:
Scenario 12-2. Jeremy's Jewels is a retail store that specializes in medium-quality, medium-priced jewelry. It is located in a mall in downtown Yosako, Kansas. Jeremy is concerned about his inventory costs. He has several questions concerning purchasing, choosing suppliers, and how much inventory he actually needs. Lately, his cash flow has been severely strained due to the fact too much cash is being tied up in inventory. Jeremy is currently the only employee of his small business.
-In Scenario 12-2 above, advantages of choosing one supplier over having many suppliers are all but which of the following?

• A) Mutual dependence
• B) Savings in decreased paperwork
• C) Competition between vendors
• D) Development of a mutual long-term relationship

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Definitions:

Family Practitioner

A physician who does not specialize in a branch of medicine but treats all types and ages of patients; also called a general practitioner.

Endocrinologist

A medical specialist who diagnoses and treats disorders of the endocrine system, such as diabetes, thyroid diseases, and hormonal imbalances.

Orthopedist

A medical doctor specializing in diagnosing and treating disorders and injuries of the musculoskeletal system, including bones, joints, and muscles.

Dermatologist

A specialist who diagnoses and treats diseases of the skin, hair, and nails.