Which of the Following Items Would Not Be Considered a "Good

question 52

Multiple Choice

Which of the following items would not be considered a "good" under the UCC?

• A) Light bulbs to be placed in a skyscraper.
• B) Trees cut from a parcel of land to be turned into paper.
• C) A book that has been copyrighted and sold to a bookstore.
• D) The copyright of a best-selling novel.
• E) A box of hammers, with a value of $499.

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Definitions:

Bill of Lading

A legal document issued by a carrier to acknowledge receipt of cargo for shipment, acting as a contract and a receipt.

Direct Labor Cost

The total cost of all the labor work directly involved in the production of goods or the delivery of services.

Manufacturing Overhead-Applied

The allocation of manufacturing overhead costs to specific products or job orders based on a predetermined overhead rate.

Annual Overhead

The total expenses incurred by a business to operate over the course of a year, excluding direct labor and materials costs.