Operating Supplies Typically

question 227

Multiple Choice

Operating supplies typically:

• A) need technical and experienced personal contacts, probably at top-management level.
• B) need widespread distribution or prompt delivery.
• C) need technical contacts to determine specifications required, but widespread contacts usually are not necessary.
• D) need skillful personal selling by producer.
• E) None of these alternatives is correct.

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Definitions:

Check-clearing Process

The method through which banks collect and settle the amount of a check, transferring funds from one account to another.

Movability

The characteristic of an asset that allows it to be transferred or moved from one location to another.

Commission

A fee or percentage of a transaction value paid to an agent or company for facilitating a service, such as a sale or real estate transaction.

Negotiable

Capable of being discussed and modified in a transaction or agreement.