Which of the Following Transactions Is Represented by the Diagram

question 60

Multiple Choice

Which of the following transactions is represented by the diagram below?

• A)Each sale is associated with a single order,and there is a time lag between the time an order is taken and delivery of the product.
• B)Each sale can be comprised of multiple orders,and each order can be associated with multiple sales or no sales.
• C)Each sale can be comprised of multiple orders,and each order can be associated with one or more multiple sales.
• D)Each sale is associated with a single order and,there is no time lag between the time an order is taken and delivery of the product.

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Definitions:

Sales Tax

A tax imposed by governments on the sale of goods and services.

Sales Tax Rate

The percentage of sales price that is added to the sales price of goods and services, collected by sellers.

Sales Tax Rate

The percentage added to the sale price of goods and services, collected by retailers and forwarded to the government.

Sales Tax

A tax levied by a government on the sale of goods and services, collected by the retailer and passed on to the government.