Which of the Following Items Would Affect the Cost of Merchandise

question 207

Multiple Choice

Which of the following items would affect the cost of merchandise inventory acquired during the period?

• A) quantity discounts
• B) cash discounts
• C) freight-in
• D) all of these costs

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Definitions:

Loan Guarantees

Agreements in which a guarantor, usually a government or financial institution, agrees to pay back a loan if the borrower defaults.

Business Incubators

Organizations designed to accelerate the growth and success of startup and early-stage companies by providing resources such as space, capital, coaching, and networking connections.

Loans

A sum of money that is borrowed and is expected to be paid back with interest.

Franchising

Contractual business arrangement between a manufacturer or other supplier, and a dealer such as a restaurant operator or retailer.