As the Owner of Kingdom's Treasures,Jerry Negotiates with Suppliers Who

question 305

Multiple Choice

As the owner of Kingdom's Treasures,Jerry negotiates with suppliers who hope to place their products in his high volume retail gift store.Jerry finances his inventory through the ________ credit offered by suppliers who delay his payments for up to 60 days after the merchandise has been delivered to his business.

• A)residual
• B)trade
• C)commercial
• D)LIFO

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Definitions:

Operating

The act of conducting business or maintaining functions within an organization or system.

Corporate Hierarchy

The arrangement of individuals within a corporation according to power, status, and job function, often visualized as a pyramid with the highest-ranking officer at the top.

CEOs

Chief Executive Officers, the highest-ranking individuals in a company, responsible for making major corporate decisions, managing operations, and communicating with the board of directors.

United States

A federal republic in North America comprising 50 states, a federal district, and various territories, known for its large economy and influential role in global affairs.