In 2016

question 66

Multiple Choice

In 2016,

• A) the superdelegates nominated Bernie Sanders on the Democratic side.
• B) Donald Trump received the Republican nomination because party leaders supported him.
• C) Donald Trump received the Republican nomination despite many party leaders opposing his candidacy.
• D) Hillary Clinton received the Democratic nomination despite many party leaders opposing her candidacy.

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Definitions:

Cash Payment

A transaction in which payment for goods or services is made in cash at the time of purchase.

FOB Shipping Point

A term indicating that the buyer takes responsibility for goods once they are shipped, including paying for shipping costs and bearing the risk of loss.

Prepaid Freight

Costs paid in advance for the transportation of goods, which is often recorded as a prepaid expense on the balance sheet.

Sales Invoice

A document issued by a seller to a buyer, recording a transaction and requesting payment for the sale of goods or services.