Francis Works at the Large Corporate Headquarters of a Multinational

question 238

Multiple Choice

Francis works at the large corporate headquarters of a multinational company. She is a bit of a clean freak. Every week she cleans her office, including the windows. Her favorite window cleaner to use is Windex. In this case, Windex Window Cleaner is which of the following types of business products?

• A) MRO supplies
• B) Installations
• C) Accessory equipment
• D) Process materials
• E) Component parts

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Definitions:

Bailment

A legal relationship in common law where physical possession of personal property, or chattel, is transferred from one person (the 'bailor') to another (the 'bailee') who subsequently holds possession of the property under a certain agreement.

Lease

A contractual agreement by which an owner of property allows another party to use the property for a specified period of time in exchange for payment.

Lost Property

An item that is unintentionally left by its owner without any intention of relinquishing ownership.

Diamond Bracelet

A piece of jewelry consisting of diamonds set in a band worn around the wrist.