Because Wal-Mart Has Thousands of Suppliers to Manage and Is

question 19

Multiple Choice

Because Wal-Mart has thousands of suppliers to manage and is constantly looking for new ones worldwide,they invested in a new __________ strategy.

• A)mobile networking
• B)global sourcing
• C)global support
• D)mobile support

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Definitions:

Preferred Stock

A class of ownership in a corporation with a priority claim on assets and earnings before common stock; typically does not have voting rights but has a fixed dividend.

Capital Stock

The total amount of stock, both common and preferred, that a company is authorized to issue according to its corporate charter.

Privately Held Corporation

A corporation that has only a few stockholders and whose stock is not available for sale to the general public.

Retained Earnings

The portion of a company's net income that is not distributed as dividends to shareholders but retained for reinvestment in the business or to pay off debt.