A Sanction Intended to Compel Acceptance Upon Delivery of Goods

question 51

Multiple Choice

A sanction intended to compel acceptance upon delivery of goods is called a

• A) deposit.
• B) stoppage in transitu.
• C) partial payment.
• D) lien.
• E) guarantee.

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Definitions:

Direct Product Cost

Expenses directly associated with the production of specific goods or services, including materials and labor.

Cocoa

A powder made from roasted and ground cacao seeds used in making chocolate and chocolate-based products.

Factory

A building or set of buildings where goods are manufactured or assembled chiefly by machine.

Ending Inventory

The cumulative worth of products on offer for sale when an accounting cycle ends.