The purchasing manager for Lips & Lashes, a makeup distributor, purchases 1,000 lipsticks from a cosmetics manufacturer, Beauty Labs. Because the two companies have a good relationship, Beauty Labs extends net 30 terms to Lips & Lashes, meaning the company will have 30 days to make full payment. This is an example ofMultiple Choicetrade credit.a line of credit.a logbook loan.a secured loan.
Question
The purchasing manager for Lips & Lashes, a makeup distributor, purchases 1,000 lipsticks from a cosmetics manufacturer, Beauty Labs. Because the two companies have a good relationship, Beauty Labs extends net 30 terms to Lips & Lashes, meaning the company will have 30 days to make full payment. This is an example ofMultiple Choicetrade credit.a line of credit.a logbook loan.a secured loan.
Solution
This is an example of trade credit.
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The purchasing manager for Lips & Lashes, a makeup distributor, purchases 1,000 lipsticks from a cosmetics manufacturer, Beauty Labs. Because the two companies have a good relationship, Beauty Labs extends net 30 terms to Lips & Lashes, meaning the company will have 30 days to make full payment. This is an example ofMultiple Choicetrade credit.a line of credit.a logbook loan.a secured loan.
Question 1BeeUTee Pty Ltd operates an online retail business, through which consumers can purchase beautyproducts and arrange beauty treatments online. LipStick Pty Ltd is smaller online beauty businessthat was founded 15 years ago by Lady Lydia, a well-known and flamboyant hairdresser.In February this year, BeeUTee approached Lady Lydia, to see if Lady Lydia is interested in sellingLipStick. LipStick and BeUTee sign a confidentiality agreement to allow BeeUTee the opportunity toconduct due diligence and make an offer.Between March and April, BeeUTee conducted a due diligence analysis of the BeeUTee business anddiscovered the following:• LipStick did not spend very much money on IT security and turned off that security measuresit had for three weeks in early December each year. The Christmas holiday season was thebusiest period of the year for LipStick, and the security measures slowed the website,annoying customers.• In December last year, an unknown person had somehow copied the whole customer list,including name, email address, mailing address and yearly betting turnover of everycustomer.• This unknown person had somehow obtained user admin log in credentials. The User Idused was ADMIN and the password for this account was SUNSHINE321. This password wasset in October 2019, and was not changed until January 2022.• When Lady Lydia was told about the above, she said to forget about it, don’t carry out anyfurther investigations, and not to tell anyone. Lady Lydia said it was probably a computerscience student doing the hack as part of an assignment.LAWS3100_2024_S1_Tutorial Programme• There is no evidence that the customer list was used by anyone or that the incident causedany detriment to LipStick or that the customer list was being offered for sale on the darkweb.Prior to the sale, was LipStick in compliance with the Australian Privacy Principles? What are the risksfor BeeUTee of going ahead with the sale?
If Marco decides to sell his pet products through an online distribution company, such as Amazon, then what type of intermediary is this?Multiple Choicebrokerretailere-tailerwholesalerinternet tailer
Time left 0:10:17Question 2Not yet answeredMarked out of 1.00Flag questionTipsQuestion textConsider a large chain of entertainment stores such JB Hi-Fi. Select all of the options below that would be considered external users to the organisation.Question 2AnswerNicola who works in the human resources area and is involved in all staff hiring.Justine who is a register checkout operator at the city storeMartin who is a contractor that does new store set-ups of shelving and displays.Kelly who is a senior manager in charge of all administration staff at head officeFreya who works in the finance area at the head office.
Multiple Choice QuestionBryan's department at Farrell Manufacturing is responsible for planning, implementing, and controlling the flow and storage of products and information from the point of origin to the point of consumption. In other words, his department handles Blank______ management.Multiple choice question.pricingbrandingwarehouselogistics
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