A Major Problem Associated with the Use of Want Books

question 96

Multiple Choice

A major problem associated with the use of want books (want slips) is that this technique _____.

• A)requires a sophisticated data base
• B)relies on retail salespeople to enter the relevant information
• C)requires a computer-based retail information system
• D)requires electronic data interchange capability

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Definitions:

Scope of Authority

The range or extent of power that an individual or organization legally has to make decisions or take action.

Agent

An individual or entity authorized to act on behalf of another person or entity in business matters or legal transactions.

Liable

Legally responsible for one's actions or for a particular outcome.

Principal's Identity

Refers to the clear disclosure of the principal party's identity in an agency relationship, especially in transactions.