Consumers Deftly Use Internet Technology to Seek Information,evaluate Alternatives,and Make

question 221

Multiple Choice

Consumers deftly use Internet technology to seek information,evaluate alternatives,and make purchase decisions on their own time,terms,and conditions.This is an example of the sixth reason why consumers buy and shop online.

• A) convenience
• B) choice
• C) customization
• D) control
• E) communication

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Definitions:

Petty Cash Fund

A small amount of cash on hand used for minor or incidental expenses within a business.

Journal Entries

Records of financial transactions within the accounting system of a business, showing the accounts affected and the amounts involved.

Reimburse

To pay back or compensate for money that has been spent or lost.

Days' Sales Uncollected

A fiscal indicator quantifying the mean span of days required for a business to receive payment post a sale transaction.