An Amount That a Merchandiser Earns by Selling Its Inventory

question 73

True/False

An amount that a merchandiser earns by selling its inventory is known as sales revenue or sales.

---

Definitions:

Public Policy

Guiding principles and philosophies that underlie the laws and actions of a government, aimed at ensuring the public's general welfare.

Unenforceable

A term applied to a contract that, because of a law, cannot be enforced by the courts.

Substantive Unconscionability

Unconscionability that derives from one-sided, unjust, or overly harsh substance in a contract.

Maximum Interest Rate

The highest rate of interest that can be charged on loans or credit, often regulated by law to prevent usury.