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Which of the Following Statements Is False

question 53

Multiple Choice

Which of the following statements is false?


Definitions:

Commission

A payment to a salesperson for achieving a sale, often calculated as a percentage of the sale price.

Commission Rate

The percentage or fixed amount of compensation paid to an agent or employee for facilitating or completing a sale or transaction.

Freight

The transportation of goods, cargo, or commodities by land, sea, or air.

Net Proceeds

The amount of money remaining after all deductions, like expenses and taxes, are subtracted from the gross proceeds.

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