For Each of the Following,indicate How the Event Would Most

question 87

Essay

For each of the following,indicate how the event would most likely be categorized.
EE (external exchange)
IE (internal event)
NT (no transaction)
____ A company sells $2 million in goods for immediate payment.
____ The company uses up office supplies.
____ The stock market rises 10% and the value of a company's stock increases.
____ A company pays cash to an inventor for the legal rights to produce a new product.
____ Management promises to pay workers an overtime bonus as required by their union contract.
____ A company uses up supplies to manufacture a product.
____ A company receives $1 million in orders but no down payments.

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Definitions:

Manufacturer Orders

Requests or purchase orders placed by businesses to manufacturers for the production and supply of goods.

Milk Run

A routing strategy where a single transportation vehicle visits multiple locations on a predefined route to pick up or deliver goods, maximizing efficiency and reducing transportation costs.

Truckload Shipment

The transportation of goods where the quantity is sufficient to fill an entire truck, maximizing the vehicle's cargo capacity.

Less Than Truckload

A shipping method for transporting small freight loads that do not require the full space of a truck.