The Internet Has Affected Distribution in the Book Industry

question 20

Multiple Choice

The Internet has affected distribution in the book industry:

• A)because distributors have been eliminated
• B)because the distributor and/or the retailer can both be bypassed
• C)by focusing on the largest division,trade publications
• D)by decreasing production costs
• E)none of these

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Definitions:

Consolidated Financial Statements

Financial reports that aggregate the financial position and operating results of a parent company and its subsidiaries.

Common Stock

A type of security that represents ownership in a corporation, granting the holder a share in the company's profits and losses.

Consolidation Entry

Journal entries made in the consolidation process to adjust and eliminate intercompany transactions between parent and subsidiary entities in consolidated financial statements.

Inventory Transfer

The process of moving goods from one location to another within the same business entity.