Which of the Following Statements Is True About Michael Dell

question 21

Multiple Choice

Which of the following statements is true about Michael Dell?

• A) Dell realized he could build a company on the same business model of other computer firms.
• B) Michael Dell became one of the youngest CEOs of a major U.S. corporation.
• C) Dell avoided the use of the Internet as a distribution channel.
• D) all of the above

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Definitions:

Physical Inventory

A process of counting the actual inventory on hand at a particular point in time.

Units Available

The total quantity of goods a company has ready for sale or production usage at any given time.

Retail Method

An accounting method to estimate inventory value by applying a consistent markup to the cost of merchandise, used often in the retail industry.

Estimated Cost

An approximation of the cost for goods, services, or construction projects, based on experience, forecasting, and/or information about similar transactions.