All of the Following Statements Related to Goods on Consignment

question 50

Multiple Choice

All of the following statements related to goods on consignment are true except:

• A)Goods on consignment are goods provided by the owner,call the consignor.
• B)A consignee sells goods for the owner.
• C)The consignor continues to own the consigned goods.
• D)The consignee reports the goods in its inventory until sold.
• E)The consignor reports the goods in its inventory until sold.

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Definitions:

Concise

Expressing much in few words; clear and brief in communication.

Planning Stage

The initial phase where strategies and measures are devised before executing a project or activity.

Produce Message

To create and deliver a communication or information to a receiver or audience.

Message Delivery

The process or method through which a message is conveyed from the sender to the recipient.