A Type of Broker That Helps Consumers Compare Different Stores

question 55

Multiple Choice

A type of broker that helps consumers compare different stores is a ________.

• A)remediator
• B)search engine
• C)shopping facilitator
• D)virtual mall

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Definitions:

Gross Profit Method

A method of estimating the amount of ending inventory by applying the gross profit percentage to sales.

Inventory Shortage

The situation where the actual inventory on hand is less than what is recorded in the accounting records.

Inventory Count

The physical verification of the quantities and condition of items held in inventory, typically conducted periodically.

Gross Profit Method

An inventory estimation technique that calculates the cost of goods sold to estimate the ending inventory balance.