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Which of the Following Statements Is Not True

question 95

Multiple Choice

Which of the following statements is not true?


Definitions:

Commission

A fee paid to an agent or employee for facilitating a sale or service, typically a percentage of the sale price.

Net Basis

A method of quoting or reporting prices without including the costs of taxes, delivery, and other ancillary charges.

Selling Entity

The business or individual that is transferring goods or services to a buyer in a transaction.

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