The Appearance or Perception of ____ Should Not Be Necessary

question 103

Multiple Choice

The appearance or perception of ____ should not be necessary for interpreting information.

• A)depth
• B)size
• C)color
• D)font styles

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Definitions:

Consideration

The value (usually monetary) that is given in exchange for goods, services, or an obligation in a contract.

Transaction Price

The price agreed upon by a buyer and seller for the exchange of goods or services, often noted in a contract.

Promised Goods

Goods that a seller has agreed to deliver to a buyer under a contract or sales agreement.

Consignment

A business arrangement in which goods are entrusted to a third party to sell, with payment occurring only after the sale.