If a Certain Type of Transaction Occurs with Great Frequency

question 100

Short Answer

If a certain type of transaction occurs with great frequency it is more efficient to create a ______________ to record that type of transaction.

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Definitions:

2-712

Pertains to the Uniform Commercial Code (UCC), specifically the section regarding "Cover" and the buyer's right to procure substitute goods.

Liquidated Damages

A predetermined sum agreed upon in a contract, to be paid as compensation if one party breaches the agreement.

UCC

A sweeping legislative structure, the Uniform Commercial Code, administers every aspect of commerce transactions within the United States.

Specially Manufacture

Refers to the creation or production of goods tailored to a specific buyer's requirements, often involving custom designs or specifications.