Which of the Following Transactions Can Occur Without the Buyer

question 59

Multiple Choice

Which of the following transactions can occur without the buyer and seller having a relationship?

• A)Beverly purchases a pair of sandals from a retail sales clerk.
• B)Leon buys a vacuum cleaner from a door-to-door salesperson.
• C)Art acquires a new Volvo from a car dealership.
• D)Ursula hires a weekly diaper service.
• E)No sale can take place without some buyer-seller relationship being established.

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Definitions:

Profit Rate

The ratio of profits generated to the amount of capital or resources invested, indicating the efficiency of an investment or business operation.

Inventory

The goods or materials a business holds for the ultimate purpose of resale or processing in the production process.

Invest

Putting money into ventures with the expectation of receiving a financial return or profit.

Investment Project

A project involving the allocation of capital or resources towards an initiative expected to generate future income or profit over a certain period of time.