Which of the Following Is True of the Code's Rules

question 81

Multiple Choice

Which of the following is true of the Code's rules on title to goods?

• A)Buyers may reject the goods and yet keep title to them.
• B)Sellers are less important titleholders to the goods in a contract.
• C)Parties cannot use a negotiable document of title for professional carriers.
• D)Title passes to a buyer only when the seller performs his duties completely.

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Definitions:

Fixed Costs

Business expenses that remain unchanged regardless of the level of production or sales activities, such as rent, salaries, and insurance.

Breakeven Volume

The quantity of output or sales at which total revenues equal total costs, resulting in no profit or loss.

Sales Revenues

The total amount of money generated from sales of goods or services by a company before any expenses are subtracted.

Contribution Margin

The difference between sales revenue and variable costs, used to cover fixed costs and generate profit.