Walmart Has Announced That Suppliers Must Attempt to Improve Their

question 32

Multiple Choice

Walmart has announced that suppliers must attempt to improve their efforts in environmental management.In this announcement,Walmart could have included a requirement that suppliers meet the standards of:

• A)ISO 9000.
• B)ISO 2011.
• C)ISO 9002.
• D)ISO 14000.

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Definitions:

Accounts Receivable

Outstanding balances due to a company from its clients for products or services rendered but still unpaid.

FOB Shipping Point

A shipping term indicating that the buyer assumes responsibility for the goods and the shipping costs from the point of departure.

Freight Costs

Expenses incurred by a company for transporting goods from one place to another.

FOB Destination

A shipping term indicating that the seller pays for transportation of the goods to the buyer's location and owns the goods in transit.