The Amount of a Good or Service Available for Sale

question 72

Multiple Choice

The amount of a good or service available for sale at a particular price is called the ____.

• A) supply
• B) demand
• C) indirect cost
• D) expense
• E) market price

---

Definitions:

Winding Up

The process of concluding a company’s operations, settling its liabilities, and distributing remaining assets to shareholders.

Novation

The act of replacing an existing contract with a new one, where a new party takes over rights and obligations that were originally held by one of the initial parties.

RUPA

The Revised Uniform Partnership Act, which is a set of laws intended to govern the operations of partnerships in the United States.

Wrongfully Dissociated

Incorrectly separating from a partnership or organization in violation of the terms or conditions of agreement.