Under a Sale on Approval Which of the Following Is

question 113

Multiple Choice

Under a sale on approval which of the following is not considered acceptance,sufficient to create a sale?

• A) stating, "these look good to me, i'll keep them"
• B) taking delivery of the goods
• C) failure to notify the seller of rejection of the goods within the agreed upon time frame
• D) using the goods inconsistently with the purpose of the trial
• E) buyer paying for the goods to use them for a trial period.

Understand the psychological mechanisms behind obedience to authority.

Appreciate the distinction between informational and normative social influences on behavior.

Learn about the cultural differences in conformity and the factors that influence it.

Understand the basic concepts of corporate acquisitions, mergers, and takeovers.

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Definitions:

Company Profits

The financial gains made by a company after all expenses, taxes, and costs have been subtracted from total revenue.

Overhead Costs

Expenses associated with running a business that cannot be directly tied to a specific product or service, such as rent, utilities, and management salaries.

Cost Driver

A factor that causes the cost of an activity or a process to change.

Activity Drivers

Factors that influence the cost of business activities by determining the level of effort or resources required.