When a Point of Sale System Is Used and a Customer

question 19

Multiple Choice

When a point of sale system is used and a customer checks out through a cash register, which of the following processes occurs?

• A)Net income is computed.
• B)Inventory values are updated.
• C)Accounts payable balances are updated.
• D)Replacement inventory is purchased.

Distinguish between various types of contracts (shipment, destination) and the associated responsibilities of the parties involved.

Identify the consequences and procedural requirements for rejection, revocation of acceptance, and cure options within contracts.

Comprehend the role and effect of predetermined contingencies on contractual obligations and party performances.

Analyze the significance of delivery terms such as F.O.B., and their impact on the point of risk transfer between buyer and seller.

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Definitions:

HRM Planning

The process an organization uses to ensure that it has the right amount and the right kind of people to deliver a particular level of output or services in the future.

Operational Activities

The day-to-day tasks and processes that are necessary for an organization to function and achieve its business objectives.

HR Role

The function and responsibilities assigned to the human resources department, including talent acquisition, development, and management.

Service Delivery Model

A framework that defines how services are provided to customers, including processes, roles, and responsibilities.