Apex Corporation Is a Wholesaler for Global Electronics in the French

question 61

Multiple Choice

Apex Corporation is a wholesaler for Global Electronics in the French market. Global Electronics discovered that Apex Corp. was diverting some of their goods to the English market. Apex Corp. could get a greater profit in the English market because the goods were bought by the firm at a cheaper price in France. In the context of the above scenario, which of the following forms of business is Apex engaged in?

• A) Black marketing.
• B) Parallel importing.
• C) Backwashing.
• D) Industrial piracy.
• E) Smuggling.

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Definitions:

Assembling Department

A section within a manufacturing facility where components are put together to form a final product.

Static Budget

A financial plan that remains unchanged over the budget period regardless of changes in operational activities or volumes.

Flexible Budget

A budget that adjusts or scales according to the volume of activity, providing a more useful tool for performance evaluation.

Direct Labor

Labor costs that are easily traced to or directly associated with specific products or services.