Which of the Following Is True About Consignment Sales as a Method

question 22

Multiple Choice

Which of the following is true about consignment sales as a method of payment?

• A) It requires the buyer to pay the face amount either on sight or on a specified date in the future.
• B) It involves the use of a draft, drawn by the seller on the buyer.
• C) It is the ideal method of payment because a company has immediate use of the money.
• D) It involves wire transfers or the acceptance of credit cards.
• E) It puts the exporter under great risk and offers the least control over the supplies.

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Definitions:

Amides

Organic compounds characterized by a carbonyl group (C=O) attached to a nitrogen atom, forming part of the structure of proteins and other important molecules.

1710 cm^-1

This refers to the typical absorption band in infrared spectroscopy for carbonyl (C=O) stretching in aldehydes, ketones, and carboxylic acids.

IUPAC

The global organization responsible for developing standardized nomenclature in chemistry and related fields.

Oxobutanenitrile

An organic compound, also known as 3-oxobutanenitrile, characterized by a nitrile group attached to a ketone group in a four-carbon chain.