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

---

Definitions:

Head Start Preschools

A US-based program aimed at delivering all-encompassing services in early childhood education, healthcare, nutritional advice, and promoting parental involvement, all geared towards low-income families and their children.

English Proficiency

The ability to speak, write, and understand English at a level that is sufficient for effective communication in an English-speaking context.

Bottom-up Mathematics

An approach to learning mathematics that starts with specific instances or data and builds toward general principles, as opposed to beginning with abstract concepts.

Snowball Effect

A situation where something initially small in significance or size grows exponentially as it progresses.