There Are Three Divisions of Time

question 13

Multiple Choice

There are three divisions of time. They include all of the following except:

• A) weekend.
• B) work.
• C) leisure.
• D) maintenance.

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Definitions:

FOB Shipping Point

is a shipping term indicating that the buyer assumes responsibility for the goods and the shipping costs at the point of departure from the seller's location.

Merchandise Purchases

Transactions involving the buying of goods for resale purposes, typically part of the inventory acquisition process in retail or wholesale businesses.

Trade Discount

A reduction from the list price granted by a seller to a buyer, often based on the volume of goods purchased or to promote sales.

Cash Payment

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