When a Sales Transaction Has Been Authorized, by the Signature

question 74

Multiple Choice

When a sales transaction has been authorized, by the signature of the designated employee, it means that the designated employee has done all of the following, except:

• A)Verified the sale is to an accepted customer
• B)The vendor's credit has been approved
• C)The price is correct
• D)Approval documented by a signature or initials of the designated employee

---

Definitions:

Demand Curve

A graph representing the relationship between the price of a good or service and the quantity demanded by consumers at those prices.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of consumers to price changes.

Demand Curves

Graphical representations showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied over a given period.