A Consignment Sale Is Treated as A(n) __________ Under UCC

question 23

Multiple Choice

A consignment sale is treated as a(n) __________ under UCC Article 2, and the dealer-consignee has full authority to sell the goods for the consignor and can pass title to the goods.

• A) ordinary sale
• B) final sale
• C) sale on approval
• D) sale or return

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Definitions:

Supply Chain Profit

The total revenue generated from a product minus the costs incurred from raw materials to final delivery, across all participants in the supply chain.

Revenue Source

The origin or mechanism through which a business or organization generates income.

Profit Maximization

The process of increasing the difference between total revenue and total costs to achieve the highest possible profit levels.

Global Production

The manufacturing and assembly of goods and services spread across countries to take advantage of location-specific advantages.