Goods in Transit Should Be Included in the Inventory of

question 21

Multiple Choice

Goods in transit should be included in the inventory of

• A) the seller if the purchaser is responsible for paying freight charges.
• B) the purchaser if the seller is responsible for paying freight charges.
• C) either company that is party to the transaction.
• D) the company that has ownership of the goods.

---

Definitions:

Preferential-Looking

A research technique used to study visual attention and perception in infants based on their tendency to look longer at more visually appealing or interesting stimuli.

Infant Perception

Infant Perception involves the study of how babies understand the world around them through their developing senses.

Cognitive Process

The mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Adolescence

The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.