Which of the Following Would NOT Be a Merchant Under

question 63

Multiple Choice

Which of the following would NOT be a merchant under Article 2 of the UCC?

• A) The owner of a hardware store which sells paint.
• B) A car mechanic who fixes used cars and sells them in his spare time.
• C) A person who inherits three speedboats and wants to sell them to buy a car.
• D) A stay-at-home mom who sells hand-painted yard signs on an online crafts site.

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Definitions:

Gross Margin

The difference between sales revenue and the cost of goods sold, indicating the profitability of products sold before other expenses.

Operating Expenses

Costs associated with the day-to-day functions of a business, excluding cost of goods sold.

Machine-Hours

A measure of production time used, indicating the number of hours machines are operated in the manufacturing process.

Maintenance Costs

Expenses associated with the routine care and preservation of assets to keep them in operational condition.