The CISG Specifically Excludes Sales Of

question 14

Multiple Choice

The CISG specifically excludes sales of:

• A) goods bought for personal, family, or household use.
• B) ships or aircraft.
• C) electricity.
• D) All of these.

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Definitions:

Absorption Costing

A method of cost accounting that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.

Cost Behavior

The way in which a cost reacts or changes when there is a change in the level of business activity.

Variable Costing Format

An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.

Short-Term Pricing Decisions

Pricing strategies and choices made by a business to address immediate market demands, competitive pricing, or product lifecycle stages.