Use the Following Information for Questions 35 and 36

question 122

Multiple Choice

Use the following information for questions 35 and 36.
During 2014 Carne Corporation transferred inventory to Nolan Corporation and agreed to repurchase the merchandise early in 2015. Nolan then used the inventory as collateral to borrow from Norwalk Bank, remitting the proceeds to Carne. In 2015 when Carne repurchased the inventory, Nolan used the proceeds to repay its bank loan.
-This transaction is known as a(n)

• A) consignment.
• B) installment sale.
• C) assignment for the benefit of creditors.
• D) product financing arrangement.

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Definitions:

Reliability

The consistency and dependability of a measurement tool or test over time.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.

Person-Organization Fit

The compatibility between an individual's values, skills, and personality and the culture, values, and requirements of an organization, which can influence job satisfaction and performance.

Clinical Approach

A method that applies psychological principles and techniques for assessing and treating individuals' mental health and behavioral issues.