Which of the Following Is True of a Consignment Agreement

question 47

Multiple Choice

Which of the following is true of a consignment agreement?

• A) If a manufacturer delivers all goods to its dealers on a consignment basis, the goods become the property of the dealer.
• B) The owner of goods delivers them to another who is to act as the owner's agent in selling the goods.
• C) If a manufacturer delivers all goods to its dealers on a consignment basis, the dealer cannot lawfully fix the price of those goods.
• D) It is always held to be joint action.

Acknowledge the use of flexible strategies, including workforce and dual facilities, to manage capacity effectively.

Understand the impact of pricing decisions on overall profitability.

Understand the conversion between different units of measurement within the metric system.

Comprehend how to calculate total magnification of a microscope.

---

Definitions:

Breached Duty

The failure to fulfill a legal or ethical obligation, often leading to liability.

Natural Consequences

Outcomes that happen as a result of behavior that are not planned or controlled by anyone.

Negligence Claim

A legal action taken when a person suffers harm due to another's failure to take reasonable care to prevent such harm.

Duty of Care

A legal obligation imposed on an individual requiring adherence to a standard of reasonable care while performing acts that could harm others.