Which Type of Transaction Is Represented by the Diagram Below

question 12

Multiple Choice

Which type of transaction is represented by the diagram below?

• A)Vendors send a bill for each inventory item purchased which is payable on receipt.
• B)A single purchase of inventory is paid for with multiple payments.
• C)Inventory vendors send a monthly bill for merchandise delivered.The seller does not accept or allow installment payments.
• D)Some inventory purchases are paid for with multiple payments and some payments may apply to multiple purchases.

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Definitions:

Archery

The sport, practice, or skill of using a bow to shoot arrows.

Probability

The quantification of the probability of an event happening, represented as a numerical value ranging from 0 to 1.

Guesses

Estimations or predictions made without sufficient information or evidence.

Probability

A branch of mathematics that deals with calculating the likelihood of a given event's occurrence, which lies between 0 and 1.