Which of the Following Is Not a Scenario Amounting to a Contract

question 4

Multiple Choice

Which of the following is not a scenario amounting to a contract for the sale of goods?

• A)Purchasing a sandwich you have constructed yourself from the Make Your Own Sandwich shop.
• B)Having your hair washed, blow-dried and straightened by a hairdresser.
• C)Purchasing an air-conditioning system, including commissioning and installation of that system.
• D)Buying a motor vehicle privately.

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Definitions:

Cost Of Goods Manufactured

The total cost incurred by a company to produce goods within a specific period, including materials, labor, and overhead.

Raw Materials Inventory

The total cost of all components and materials that are not yet processed and will be used in the manufacture of products.

Work In Process Inventories

Represents partially finished goods that are in the process of being produced.

Total Manufacturing Costs

The sum of all costs directly related to the production of goods, including direct materials, direct labor, and manufacturing overhead.