Wal-Mart Has Its Own Trucks That Ship Merchandise to Its

question 153

Multiple Choice

Wal-Mart has its own trucks that ship merchandise to its warehouses from the supplier for backstock purposes.Wal-Mart is carrying out which of the following functions?

• A) contracting with suppliers
• B) standardizing and grading its facilities
• C) buying and selling
• D) risking obsolescence of its products
• E) transporting and storing

Recognize the terminology used to describe steel shapes as they are manufactured.

Understand the classification of structural steel shapes by their designated letter codes.

Identify and interpret thread notes in structural design documents.

Understand basic welding symbols and their placements on technical drawings.

---

Definitions:

Discount Period

The time frame within which a payment is made early enough to receive a discount for early payment.

Invoice Payment

The process of paying off the amount that is stated on an invoice, which is a bill for products or services provided.

Perpetual Inventory System

A system of inventory accounting that immediately logs inventory sales or purchases using computerized point-of-sale systems and software for managing enterprise assets.

Purchases Returns

Transactions involving the return of goods previously bought to the seller, typically due to defects or issues.