According to the Text, the Main Differences Separating Amazon from Other

question 29

Multiple Choice

According to the text, the main differences separating Amazon from other on line retailors are all of the following except

• A) website and the gigantic list of product offerings.
• B) multi-tiered strategy any one can sell anything.
• C) you can return products.
• D) you can setup website with links to Amazon and get paid for click throughs.
• E) can be your personal shopping assistant.

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Definitions:

Perpetual System

An inventory accounting system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

FIFO Method

A method used in accounting to value inventory and determine cost of goods sold, assuming the oldest inventory items are sold first.

Material Q

Material Q seems not to be a standard key term in most contexts and without further context appears to be NO.

Job Order Costing

A cost accounting system used to accumulate costs for individual jobs or orders, suitable for companies producing unique or custom products.