Selling and Sales Quiz
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Questions and Answers

What is considered a sale?

  • The settlement of a price for goods or services
  • The obligation of payment by the purchaser
  • The passing of title of the item
  • The exchange of goods or delivery of a service for a cost (correct)
  • Who typically executes the sale?

  • The purchaser
  • The seller (correct)
  • The salesclerk
  • The shop assistant
  • What is a person called who sells goods on behalf of the owner?

  • Salesclerk
  • Purchaser
  • Salesperson (correct)
  • Shop assistant
  • Which laws govern sales of goods in common law countries?

    <p>Common law and commercial codes (C)</p> Signup and view all the answers

    In the United States, what laws govern sales of goods?

    <p>Most jurisdictions have adopted Article 2 of the Uniform Commercial Code (C)</p> Signup and view all the answers

    What is the passing of title (property or ownership) of the item in a sale referred to as?

    <p>Transfer of ownership (A)</p> Signup and view all the answers

    What is a period during which goods are sold for a reduced price commonly referred to as?

    <p>Sale (C)</p> Signup and view all the answers

    Who completes a sale in an interaction with a buyer?

    <p>Seller or provider of goods/services (D)</p> Signup and view all the answers

    What is a person who sells goods or services on behalf of the owner known as?

    <p>Salesman/saleswoman/salesperson (D)</p> Signup and view all the answers

    In common law countries, what generally governs sales?

    <p>Common law and commercial codes (B)</p> Signup and view all the answers

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