Chapter 16: Using Math in Sales
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| written record of a sales transaction, includes date, items purchased, prices, sales tax, total due | sales check
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| removing stock and keeping it in a separate storage area until the customer pays for it | layaway
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| agreement permitting a customer to take merchandise home for further consideration | on-approval sale
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| customer pays for merchandise at time of delivery | cash-on-delivery sale
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| cash-on-delivery | COD
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| percentage fee placed by the government on the sale of goods and services | sales tax
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| partial return of the sale price for merchandise the customer has kept | allowance
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| move from one place to another | transfer
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| a particular space, region, or section | area
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| a combination bar code and number used to identify a product and manufacturer | Universal Product Code
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| Universal Product Code | UPC
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| combines a cash register with a computer making the information captured at the time of sale available for other applications | point-of-sale system
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| Point-Of-Sale | POS
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| cash drawer of a register | till
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| coins and currency designated for a register for the day's business | opening cash fund
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| to convert a system of self operating machines | automate
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| To focus all one's thoughts or efforts on. | concentrate
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| legal contract between the buyer and supplier | purchase order
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| purchase order | PO
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| itemized list of goods that includes prices, terms of sale, total, taxes, fees, and amount due | invoice
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| final delivery arrangement made between buyer and seller | terms for delivery
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| free on board | FOB
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| title and ownership of goods stays with the seller until they reach their destination; seller pays for shipping | FOB Destination
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| makes the buyer responsible for shipping and any damages during transit; buyer owns it when it leaves the seller | FOB Shipping Point
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| seller pays for shipping but buyer owns goods while in transit | FOB Factory Freight Prepaid
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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