Which Type of Wholesale Organization Would Be Most Useful to a Small

question 49

Multiple Choice

Which type of wholesale organization would be most useful to a small manufacturer that has shipments that are too small to fill a truck or railcar?

• A) Rack jobbers
• B) Cash-and-carry wholesalers
• C) Piggy-backers
• D) Freight forwarders

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Definitions:

Regression Toward

Implies the statistical concept that extreme scores tend to fall back (regress) toward the mean (average) over time.

Mean

In statistics, the average value in a set of numbers, calculated by adding all the numbers and dividing by the total count of values.

Normal Curve

A bell-shaped curve representing a distribution of values, traits, or scores where most occurrences take place in the middle of the range.

Standard Deviations

A measure of the dispersion or variability within a set of numerical data, indicating how much each value differs from the mean of the dataset.