Each of the Following Businesses Is Likely to Be Part

question 155

Multiple Choice

Each of the following businesses is likely to be part of both the supply chain and the distribution channel for a cosmetics retailer EXCEPT

• A)a warehouse that stores finished cosmetic products before shipping.
• B)a storage company that coordinates both storage and transport.
• C)a research and development firm focused on cosmetics testing.
• D)an air freight company that transports the cosmetic line overseas.
• E)a ground parcel service that ships wholesale orders to retail stores.

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Definitions:

Articles Of Partnership

A written agreement between partners setting out the terms and conditions of their partnership business.

Management Rights

Refer to the prerogatives and powers reserved by the management to operate and control a business, including making decisions on hiring, work assignments, and business operations.

Voting Rights

The entitlement of shareholders or members of an organization to vote on matters affecting the governance of the entity.

Vicarious Liability

The liability or responsibility imposed on a person, a party, or an organization for damages caused by another; most commonly used in relation to employment, with the employer held vicariously liable for the damages caused by its employees.