A Negotiable Electronic Document of Title

question 41

Multiple Choice

A negotiable electronic document of title:

• A) is not possible,since a document of title must be in tangible form.
• B) running to the order of a named person must be indorsed in order to negotiate it.
• C) may be delivered by voluntarily transferring control rather than by voluntarily transferring possession.
• D) is tracked by a system of control created and set forth in Revised Article 7 of the UCC.

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Definitions:

Cost of Goods Sold

The total direct costs attributable to the production of the goods sold by a company, including material and labor costs.

Activity Rate

A measure used in cost accounting to allocate costs to products or services based on the activities required to produce them.

Estimated Cost

An approximation of the cost to produce goods or services, used for budgeting and planning.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on their usage of the resources.