The small business owner who sells merchandise on a consignment basis realizes the following advantages except:
A) the owner does not have to invest money in these inventory items,but the merchandise on hand is available for sale.
B) the owner does not make payment to the consignor until the item is sold.
C) because the consignment relationship is founded on the law of agency,the consignor never takes title to the merchandise and does not bear the risk of loss for the goods.
D) the supplier normally plans and sets up displays for the merchandise and is responsible for maintaining it.
Correct Answer:
Verified
Q64: Setup or ordering costs are found by
Q65: Improving quality:
A)lowers the associated cost with scrap.
B)reduces
Q66: To give employees a sense of how
Q67: The purchasing plan should identify a company's
Q68: _ relies on data-driven statistical techniques to
Q70: The purchasing plan is developed independently from
Q71: Statistical process control is central to the
Q72: The business owner (called the consignor)may return
Q73: Generally,quality control impacts:
A)revenues.
B)gross profit.
C)reduction in costs.
D)All of
Q74: Which of the following cost typically is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents