Which of the Following Is True About Rack Jobbers

question 81

Multiple Choice

Which of the following is true about rack jobbers?

• A)They solicit orders from retailers and other wholesalers and have the merchandise shipped directly from a producer to a buyer.
• B)They are limited service wholesalers who sell on consignment.
• C)They are specialty merchandise wholesalers.
• D)They handle perishable items that are sold for cash.

---

Definitions:

Nearest 0.01%

This refers to rounding calculations to the closest hundredth of a percent, commonly used for precision in interest rates and financial metrics.

Nearest 0.01%

Rounding or approximating a numerical value to the closest hundredth of a percent.

Equivalent Interest

The equal effectiveness of different interest rates with respect to compounding periods over a specified period.

Nearest 0.01%

Rounding or approximating a numerical value to the closest one-hundredth of a percent.