Greg Works with a Group of Farmers Who Provide Him

question 26

Multiple Choice

Greg works with a group of farmers who provide him with a regular supply of a variety of fresh vegetables. He picks up their produce and has a regular route of grocers and restaurants that purchase quantities of the items he has on any given day. Greg's operation is which type of wholesaler?

• A) Drop shipper
• B) General-line
• C) Truck
• D) Cash-and-carry
• E) Specialty-line

---

Definitions:

Increase

Increase signifies a rise in value or quantity of a variable or account in the context of finance and accounting.

Expense Account

An accounting ledger that tracks the outflow of economic resources or increase in liabilities, resulting in a decrease in equity.

Retained Earnings

The accumulated portion of net earnings not distributed to shareholders but reinvested in the business.

Shareholders' Equity

The ownership interest of shareholders in a company, calculated as total assets minus total liabilities.