QVC Is a Television Home Shopping Network

question 285

Multiple Choice

QVC is a television home shopping network. It generates sales of more than $8.6 billion from its 60 million customers by

• A)restricting purchases only through its Mall of America studio.
• B)broadcasting live five hours a day every weekday evening during prime time.
• C)offering more than 1,150 products each week.
• D)offering overstocked items from retailers at a fraction of the original cost.
• E)running live podcasts and live streaming over the Internet.

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Definitions:

Implementation

The process of putting a decision or plan into effect; execution of a plan, idea, or policy.

Bank Statement Adjustment

Modifications made to a company's cash account records to reconcile them with the bank statement's transactions and balance.

Company Books Adjustment

The process of making corrections or changes to the financial records of a business to reflect accurate financial positions.

Internal Control

A method deployed by a business to maintain the accuracy of finance and accounting data, achieve operational and profitability goals, and disseminate management strategies across the company.