1 GMROI is 2 Retailers use two types of buying systems known as 3 The integration of business processes from end user

through original suppliers that provides products, services, and information that add value to customers is 4 The strategic objective of human resource management is to 5 . Are following advantages of High Inventory Turnover. 6 Keeps track of the merchandise flows while they are occurring so buyers dont 7 Purchase data collected at the point of sale goes into a huge database known as.. 8 Employee productivity is 9 The number of different merchandising categories within a store or department is 10 Inventory used to guard retailer when vendor does not get merchandise to you on the.. 11 Identifies the activities to be performed by specific employees and determines the lines of authority and responsibility in the firm 12 Inventory whose sales fluctuate dramatically according to the time of year 13 The computer-to-computer exchange of business documents from retailer to vendor, and back. In addition to sales data, purchase orders, invoices, and data about returned merchandise are transmitted from retailer to vendor.. 14 When you delegate responsibility, you have to delegate ________ to go with it. 15 Product availability is the 16 The part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption in order to meet customers requirements is.. 17 Focus employees on a limited set of activities which enables them to develop expertise and increase productivity is . 18 An assortment plan describes in ..

19 Amount of time between recognition that an order needs to be placed and when it arrives in the store and is ready for sale . 20 Merchandise comes in from one side of the warehouse and loaded by trucks on other side to go to the The disadvantage of centralization is.. The financial ratio that is useful for planning and measuring/evaluating merchandise performance is a return on investment measure called Shrinkage is The process by which a retailer attempts to offer the right quantity of the right merchandise in the right place at the right time while meeting the companys financial goals is called .. Open to Buy system.. An assortment of items that the customer sees as reasonable substitutes for each other is called .. This analysis utilizes the general 80-20 principle that implies that approximately 80 percent of a retailers sales or profits come from 20 percent of the products. The smallest unit for making inventory control decisions is called.. In the Multiattribute method.. A Category captain is a supplier who forms an alliance with a retailer to.. Calculate the order point of Bibles with lead time being 40 days, Review time of 7 days, Demand is 40 per day, and backup stock is 40. Here the buyer orders if quantity available falls to . Potential problem with establishing a category captain, however is that . The Open-to-buy plan for Bibles is Quantity available is Average Inventory in GMROI is measured at

This is equal to the inventory we have at the beginning of the month plus what we buy minus what we get rid of through sales or other inventory reductions GMROI is a financial ratio that. GMROI that is.. Bibles are delivered to a fictional store called Family Christian. The faster this process takes place, the Used for merchandise that follows a predictable order-receipt-order cycle where most merchandise fits this criterion. Utilized for buying most of the merchandise in food and discount stores..
To appear on a balance sheet as an ________ the item needs to meet several tests, one of which is that it must represent a probable future economic benefit. An asset that has physical presence is said to be a ________ one. ________ is the name given to the claim of the owner(s) of a business. The claim of anyone other than the owner(s) of a business is called a ________. The assets of a business total 50,000 and the liabilities total 20,000, so capital must be ________. To a retail business, its premises would be one of its ________ assets. To a retail business, its trading stock would be one of its ________ assets. The _______ _______ convention says that assets should be shown on balance sheets at values based on what was paid to acquire them. The ____ ____ convention says that the business and the owner(s) are separate, for accounting purposes. The ________ convention says that financial statements should err on the side of caution. A retail store uses the direct write-off method to calculate bad debt expense, which violates the __________ principle of GAAP. The _________ principle states that a company should use the same method for calculating bad debt expense from one period to the next. For example, once a company has chosen the percentage of receivables method, it should be used from that time forward for receivables. The financial statement to consult in order to find bad debts is the __________.

When using the percentage of sales method, the bad debt expense is most closely tied to the ____________. Recovery of an accounts receivable includes a debit to Account Receivable and a credit to__________. Recording an adjusting entry for accrued interest earned includes a debit to __________and a credit to Interest Revenue.