All of the Following Are Individuals Who May Function as a Center

question 110

Multiple Choice

All of the following are individuals who may function as a center of influence EXCEPT:

• A) salespeople who are selling competing products.
• B) officers of community organizations like the chamber of commerce.
• C) members of organizations such as the Lions Club.
• D) country club members.
• E) clergy.

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Definitions:

Gross Method

An accounting method for recording inventory purchases without deducting discounts at the time of purchase.

Periodic Inventory System

An inventory system that, at the end of each accounting period, calculates the cost of the unsold goods on hand by taking the cost of each unit times the number of units of each product on hand.

Merchandise

Goods or products that a retailer buys to sell to consumers, especially in the context of physical goods stocked in a store.

Vouchers Payable

An accounting term referring to an obligation or liability of a company to pay a debt evidenced by a voucher.