Examlex

Solved

Water's Edge Is a Clothing Retailer That Promotes Its Products

question 19

Essay

Water's Edge is a clothing retailer that promotes its products via catalog and accepts customer orders by all of the conventional ways including the Internet.The company has gained a competitive advantage by collecting data about its operations and the customer each time an order is processed.
Among the data collected with each order are: number of items ordered,total shipping weight of the order,whether or not all items ordered were available in inventory,time taken to process the order,customer's number of prior orders in the last 12 months,and method of payment.
For each of the six aforementioned variables,identify which of the variables are discrete and which are continuous.


Definitions:

Formal Documentation

Official, written documents that record agreements, processes, or conditions to provide evidence or facilitate standardization.

Delegating Authority

The act of transferring decision-making power and responsibility from one individual to another, typically from a higher to a lower level in an organization.

Negotiable Instruments

Financial instruments that are transferable by endorsement or delivery, allowing the holder to take possession of the funds, such as checks or promissory notes.

UCC

The extensive legal provisions of the Uniform Commercial Code cover all forms of commercial transactions occurring in the United States.

Related Questions