After Listening to All of the Challenges and Issues, Rhea

question 33

Multiple Choice

After listening to all of the challenges and issues, Rhea said she wanted to propose a more sweeping change. "Mark has already suggested doing some of the retailer's job for them. I say go even further-let's just do away with all of the intermediaries. We can perform all of their functions ourselves," she said. She went on to explain that, "Since we won't have to deal with intermediaries, my suggestion is bound to simplify the distribution process and cut costs dramatically." What do you think of Rhea's suggestion?

• A) It is truly radical because it calls for the elimination of the entire supply chain.
• B) It is an example of an administered and contractual distribution system.
• C) It should be viewed with some skepticism, because it ignores the fact that intermediaries usually create enough value to justify their inclusion in the distribution process.
• D) It is not really very radical, since most manufacturing firms in recent years have used this approach to bring about dramatic reductions in their costs of distribution.

Identify the differences in gender roles and rights in pre-colonial, colonial societies, and under specific legal frameworks like "coverture."

Understand the diversity and complexity of Native American societies before European contact.

Recognize the impact of European colonization on Native American societies and the subsequent social hierarchies established.

Analyze the interaction between European explorers/colonizers and Native American populations, including the exchange of goods, diseases, and cultural practices.

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Definitions:

Perpetual Inventory System

An accounting system that continuously updates inventory records and cost of goods sold after each purchase or sale.

Closing Entry

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, thereby preparing the books for the next period.

Selected Accounts

Accounts chosen for review or analysis, often for the purpose of financial reporting or auditing.

Normal Credit Balance

The expected positive balance of certain types of accounts in the double-entry bookkeeping system, such as liabilities, revenues, and equity accounts.