When Sales Are Made Without the Accompaniment of a Formal

question 32

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:

Cancer

A group of diseases involving abnormal cell growth with the potential to invade or spread to other parts of the body.

Mcg

Microgram, a unit of measure equal to one millionth of a gram or one thousandth of a milligram.

mL

Milliliter, a unit of volume in the metric system equal to one-thousandth of a liter.

Root Word

The basic part of a word from which derivations and inflections are formed.