A Document That Initiates Shipment of Goods and Indicates the Description

question 49

Multiple Choice

A document that initiates shipment of goods and indicates the description of the merchandise, the quantity shipped, and customer name and address is the:

• A)bill of lading.
• B)sales invoice.
• C)picking ticket.
• D)vendor invoice.

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Definitions:

Profit Sharing

A company's practice of distributing a portion of its earnings to employees, usually based on the company's profitability, as an incentive and reward for their contributions.

Psychological Ownership

The feeling of possession and personal attachment that individuals feel for an object, place, or idea, even if they do not legally own it.

Gain-sharing Plan

A compensation strategy where employees receive bonuses for performance improvements or cost savings they contribute to.

Piece Rate

A compensation system where workers are paid a fixed sum for each unit of production completed, rather than by the hour or salary.