Tracy Works for on a Roll Paper Company

question 117

Multiple Choice

Tracy works for On A Roll Paper Company.The company purchases paper and paper products in bulk and sells them to businesses,schools,hospitals,farms,government entities,professionals,and industries for use in the buyers' business.On A Roll also sells to wholesalers,which sell them to businesses.In order to maintain its client base,On A Roll delivers the goods to the buyers,supplies warehousing for companies that lack storage space on their premises,arranges for credit,supports promotional activities,and helps customers with any needs they may have.It will even order special runs of paper from the manufacturers,if necessary,or order color and design coordinated materials for clients' promotions.On A Roll has found its approach to servicing clients has worked well-it has maintained a solid client base and expanded its business.What type of company is this business?

• A) Limited-line wholesaler
• B) Full-service wholesaler
• C) Specialty-line wholesaler
• D) Broker

---

Definitions:

Cashier's Check

A cashier's check is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.

Draft

A preliminary version of a piece of writing, document, or legislation that is subject to further revision and editing.

Drawer

The party that writes and signs a check, directing a bank to pay the check's amount to the person or entity named as the payee.

Drawee

The party on whom a check or draft is drawn, and who is expected to pay the amount specified.