32. For what purpose is the journal used in connection with the brokerage business?
33. Explain the meaning of buyer's option.
34. Explain the meaning of carrying charges.
35. Explain the meaning of a put and a call.
REVIEW QUESTIONS
ON THE SUBJECT OF
BILLING AND ORDER RECORDING
1. Explain the difference in principle between the cylinder billing machine and the flat-bed billing machine.
2. Explain the meaning of manifolding.
3. Explain in your own language why the plan of copying invoices in tissue books with a letter press is inferior to the billing-machine method of typewriting the invoice and sales sheet simultaneously.
4. If an office boy mailed a pen-written invoice without copying same in the tissue book, what method would enable the firm to detect such oversight?
5. What is the difference between the style of invoice used on flat-bed machines and on cylinder machines?