Value Central Gives Certain Suppliers Access to Its Sophisticated and Detailed

question 52

Multiple Choice

Value Central gives certain suppliers access to its sophisticated and detailed daily,individual store-based sales data.In exchange,those suppliers are responsible for managing Value Central's inventory of their products.This relationship is best described as ________.

• A) basic buying and selling
• B) contractual transaction
• C) collaborative
• D) customer supply
• E) customer is king

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Definitions:

Indirect Method

A method of preparing the cash flow statement in which net income is adjusted for changes in balance sheet accounts to calculate the cash from operating activities.

Operating Activities

These involve the core day-to-day functions and transactions of a business that are directly related to its primary operations, typically reflected in the cash flows from operating activities section of the cash flow statement.

Gain on Sale

The financial profit obtained from selling an asset for more than its purchase price or book value.