Backorders

question 10

Multiple Choice

Backorders:

• A) result from lost sales.
• B) have little financial impact.
• C) may occur as a result of a stockout.
• D) force a customer to purchase elsewhere.

Understand various pricing strategies and discount types used in sales, including FOB pricing and various forms of discounts.

Recognize the importance of netiquette and professional communication in the context of sales.

Know the guidelines for professional and courteous communication using modern communication technologies, including cell phones.

Understand the role of discounts in sales strategies, including cash, trade, and quantity discounts.

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Definitions:

Social Security Tax

Taxes collected to fund social security programs, typically levied on both employers and employees.

State Disability Insurance

A government insurance program that provides partial wage replacement to eligible workers who are unable to work due to a non-work-related illness or injury.

Payroll Tax Expense

Dues assessed on both employers and employees, generally calculated based on a fraction of the earnings paid to employees by their employers.

State Unemployment Tax Rate

The percentage rate at which employers are taxed by a state to fund unemployment insurance benefits, varying by state and employer's experience with layoffs.