Match the Term with Its Definition

question 85

Multiple Choice

Match the term with its definition.
-Intermediaries that do not take ownership of the goods they distribute

• A)agents/brokers
• B)common carriers
• C)contract carriers
• D)distribution
• E)dual distribution
• F)merchant middlemen
• G)physical distribution (logistics)
• H)plant patent
• I)private carriers
• J)supply chain management
• K)third-party logistics firm (3PLs)

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Definitions:

Budgeting

The method of developing a strategy for managing your finances, detailing your future economic objectives and plans for reaching them.

Revenue Variance

The difference between actual revenue earned and the budgeted or expected revenue.

Budgeting

The process of creating a plan to spend your money, outlining projected income versus expenses over a period.

Revenue Variance

The difference between actual revenue and expected (budgeted) revenue within a specified period.