A Company Uses a 7-Digit Number to Identify Customers

question 36

Multiple Choice

A company uses a 7-digit number to identify customers. For example, the customer 1532789 indicates the following information: digits 1-2, state, 15 = Georgia
Digit 3, type of organization, 3 = government agency
Digit 4, credit terms, 2 = 2/10, n/30
Digits 5-7, unique customer identifier, 789
This type of coding scheme is:

• A) hierarchical
• B) block
• C) significant digit
• D) sequential

Acknowledge the personal responsibility in building and maintaining career readiness in changing times.

Identify strategies for enhancing career success and avoiding pitfalls in times of change.

Understand the distinction between different types of groups and teams within organizations.

Recognize the common problems encountered by teams and strategies to overcome them.

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Definitions:

Direct Method

An accounting approach for preparing the cash flow statement where operating cash receipts and payments are listed directly.

Inventories

are stocks of goods and materials held by a business in anticipation of future sales or production needs.

Sales Revenue

The total amount of money generated by the sale of goods or services before any costs or expenses are deducted.

Direct Method

An approach to preparing the cash flow statement where actual cash flow information from operating activities is used.