Farming Is an Example of

question 18

Multiple Choice

Farming is an example of

• A)an obsolete activity.
• B)a virtual organization.
• C)nonmanufactured goods production.
• D)a growth industry.
• E)customized manufacturing.

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Definitions:

Sale of Goods

A transaction between a buyer and a seller in which ownership of physical products is transferred in exchange for money.

Transaction

A swap or transaction involving goods, services, or money among two or more entities.

Risk of Loss

Refers to the legal and financial responsibility for damages or loss of goods while in transit or until the title has passed to the buyer.

Yard Sale

An informal sale typically held outdoors by private individuals to sell personal items, such as clothing, household goods, and toys, often at low prices.