Answer:
d. vendor-managed inventory.
Explanation:
Vendor Managed Inventory or in short, the VMI may be defined as a business model or a concept where the buyer of the product or a service provides the information to a vendor of the product while the vendor takes all the responsibility and agrees to maintain an agreed inventory of the product, which is usually at the buyer's or consumer's consumption location.
It is a inventory management practice for optimizing the inventory of products that is held by a distributor.
Answer:
E
Explanation:
has no interest in whether the euro grows stronger or weaker versus the Brazilian real unless its chief competitors are other companies located in countries whose currency is also the euro.
Answer:
The answer is: C) Approving vendors’ invoices for payment.
Explanation:
Within an organization, the duties of authorizing payments, record keeping and asset custody have to be assigned to separate business units or departments. One single department shouldn't authorize payments and make them. There would be no possible control over what they are doing.
For example, if the treasury department is able to authorize payments, instead of paying $1,000 for an invoice they could pay $50,000 and no one would be able to discover the fraud committed.
Answer:
d.Todd
Explanation:
In commercial law, a holder in due course (HDC) is the person or entity that has the legal right to collect payment. In this case, Todd wasn't even involved in the original transaction and might have never even heard of Perfect Roofing or Quick Mart, but he received a valid instrument as a gift from Sam. Under the shelter principle, the fact that Todd received the instrument from Sam in a legal way, qualifies him as an HDC.
Claudia's job involves statistical process control.
This means that she will take a couple of random samples to check the quality of the goods, and that statistic will be applied to the whole bunch of products in general. If changes have to be made to improve the quality, she is the one who will do it as well.
