Which of the Following Statements Is True for a Sale

question 14

Multiple Choice

Which of the following statements is true for a sale on approval?

• A)Goods are delivered to the buyer primarily for exchange purposes.
• B)Goods are delivered to the buyer primarily for the buyer's use.
• C)The risk of loss and title automatically pass to the buyer.
• D)The trial of goods is regarded as an acceptance by the buyer.

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Definitions:

Continuous-process Production

A method of production where materials are continuously fed through the production process, resulting in a steady flow of finished products.

Mass Production

The manufacturing of large quantities of standardized products, often using assembly line technology and machinery, to achieve economies of scale.

Intensive

Involving concentrated effort or resources in a focused area to achieve certain goals or outcomes.

Flexible Manufacturing

A system that allows for quick and efficient adjustments to production processes in order to accommodate changes in product design or demand.