A Grocery Store Chain Has Decided to Sell a Small

question 330

Multiple Choice

A grocery store chain has decided to sell a small assortment of fast moving auto repair items-but is not certain what stock to carry in which stores and does not want to leave the decision to the local store manager. The chain should probably get help from a

• A) broker.
• B) cash-and-carry wholesaler.
• C) specialty wholesaler.
• D) rack jobber.
• E) manufacturers' agent.

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Definitions:

Collections

The process of pursuing and receiving payments owed to a business from its customers or debtors.

Postage Stamps

Adhesive paper evidence for payment of postage, used to indicate that the postage fee for sending an item through the postal service has been paid.

Accountant

A professional who manages, audits, and analyzes financial records and transactions for individuals, businesses, and organizations.

Ledger

A-book or digital record that summarizes and categorizes all financial transactions of a business during an accounting period.