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OACC42-Midterm-Review

Authored by Joel Alcala

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OACC42-Midterm-Review
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a company that provides raw materials or bulk products to another business called?

Vendor

Supplier

Wholesaler

Retailer

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that sells goods or services directly to consumers or other businesses is called a:

Manufacturer

Vendor

Supplier

Distributor

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does B2B stand for?

Business-to-Buyer

Business-to-Business

Buyer-to-Buyer

Business-to-Customer

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a B2C transaction, who are the buyers?

Manufacturers

Wholesalers

Individual consumers

Retailers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of sale involves selling large quantities of goods at lower prices to retailers?

Retail

Wholesale

Dropshipping

Procurement

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business model allows a seller to operate without keeping inventory?

Procurement

Dropshipping

Wholesale

B2B

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of finding, acquiring, and purchasing goods and services from suppliers is called:

Procurement

Manufacturing

Logistics

Distribution

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