How Do Companies Use Wikis

question 56

Multiple Choice

How do companies use wikis?

• A) Companies share special deals and incentives in short messages of 140 characters or fewer.
• B) Corporate teams respond to internal and external customers in rapid-fire posts to emergencies and other high-pressure situations.
• C) Global companies share information between headquarters and satellite offices.
• D) Companies post photos and biographies of their top-tier managers.

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Definitions:

Net Markdowns

The reduction in the original selling price of merchandise minus any markdown cancellations.

FOB Shipping Point

A shipping term indicating that the buyer assumes ownership and responsibility for goods at the moment they are shipped, with transportation costs borne by the buyer.

Net Income

The total earnings or profit of a company after all expenses have been deducted from revenues.

Physical Inventory

The process of counting and verifying the physical existence of tangible goods and assets held by a business for resale or production purposes.