IDIS 240 Final Exam Review UPDATED Questions and CORRECT Answers
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Course
IDIS 240
Institution
IDIS 240
IDIS 240 Final Exam Review UPDATED
Questions and CORRECT Answers
cosmic law of distribution - CORRECT ANSWER- you profitably excel by doing any
two of the three things: good, cheap, fast
different types of interest and how they are calculated - CORRECT ANSWER- simple
and compound interest (b...
IDIS 240 Final Exam Review UPDATED
Questions and CORRECT Answers
cosmic law of distribution - CORRECT ANSWER- ✔✔you profitably excel by doing any
two of the three things: good, cheap, fast
different types of interest and how they are calculated - CORRECT ANSWER- ✔✔simple
and compound interest (both formulas on formula sheet)
commodity and examples - CORRECT ANSWER- ✔✔- products that have little measurbale
difference between suppliers
- pure commodities typiclly refer to raw materials such as copper, gold, chemicals etc
commoditization - CORRECT ANSWER- ✔✔-difference between producta has narrowed
over time. common among prodcuts that have pure commodities as a large portion of the
finsihed product
- examples include dimensional lumber, PVC pipe, aluminum and copper wire, etc
cash discounts - CORRECT ANSWER- ✔✔discount given to those who pay in cash to
encourage using cash as a payment method and given to those who pay as early as they
possible
what are the three main parts of finaincing? - CORRECT ANSWER- ✔✔traditional lending,
consignment
, extended credit
extended credit and who benefits the most from this? - CORRECT ANSWER- ✔✔good
credit, slow-moving inventory, new items, and seasonal items; contractor -- they don't have to
pay for things up front they can charge it on a credit
what does FOB mean and what is FOB shipping? - CORRECT ANSWER- ✔✔FOB - free-
on-board, distributor assumes responsibility of shipping
, what is FOB destination? - CORRECT ANSWER- ✔✔manufacturer assumes responsibility
of freight
what is dupoint return on investment - CORRECT ANSWER- ✔✔ROI and return on total
assets
all will affect ROI except? - CORRECT ANSWER- ✔✔taxes
dupont model a ___ change in boxes on left will affect ROI? - CORRECT ANSWER-
✔✔positive and negative
cahs discounts rule of thumb? - CORRECT ANSWER- ✔✔always take and never give
what could lead to a deviation from the standard COGS in B2B sales? - CORRECT
ANSWER- ✔✔OEM making a large commitment for purchase quality, large construction
competitor's price, a reduction in value due to the product being outdated ; construction
projects, meet competition, meet budget, distributor owns a small inventory and gets a small
refund from manufacturer after purchasing some things from them
what is consignment - CORRECT ANSWER- ✔✔a distributor has an industry customer,
large storeroom of MRO products and several products that are stocked in customer's
storeroom is owned by the distributor.
breaking bulk - CORRECT ANSWER- ✔✔shipping something in individual components.
shipping something in smaller quantity than allowed by the manufacturer
accounts receivable - CORRECT ANSWER- ✔✔money customers owe the distributor
accounts payable - CORRECT ANSWER- ✔✔the amount the distributors would owe to the
manufacturer for goods purchased on credit
what is UOM - CORRECT ANSWER- ✔✔units of measure
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