Surprisingly, Disintermediation Is Giving Way in Some Business Models to Re-Intermediation

question 13

Multiple Choice

Surprisingly, disintermediation is giving way in some business models to re-intermediation. An example of this is

• A) Dell.ca.
• B) google.ca.
• C) Expert systems.
• D) Travelocity.ca.
• E) rbauction.com.

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Definitions:

Inventory Cost Formula

The method used to determine the cost of goods sold, such as First-In, First-Out (FIFO), Last-In, First-Out (LIFO), or Average Cost method.

Physical Flow

This term refers to the actual movement of goods in and out of a warehouse or production facility.

Fiscal Year

A 12-month period used for calculating annual financial statements in businesses and other organizations, differing from the calendar year.

Specific Identification

An inventory costing method where the cost of each specific item in inventory is identified and assigned to that item.