When Sales Are Made Without the Accompaniment of a Formal

question 43

Multiple Choice

When sales are made without the accompaniment of a formal debt contract, the sales are said to be on:

• A)Conditional sale terms
• B)Open account
• C)Trade credit
• D)Sight draft

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Definitions:

Succinic Acid

A dicarboxylic acid with the molecular formula C4H6O4, used in the manufacture of dyes, perfumes, and pharmaceuticals.

Structure

The arrangement of atoms in a molecule or the manner in which atoms are bonded to form a molecule, which dictates the molecule’s properties and reactivity.

Organic Product

A molecule predominantly consisting of carbon and hydrogen that is the result of organic reactions.

Reaction

A method where one or more materials, known as reactants, undergo a transformation to produce one or more distinct materials, referred to as products.