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Which of the Following Is True About Consignment Sales as a Method

Question 62

Multiple Choice

Which of the following is true about consignment sales as a method of payment?


A) It requires the buyer to pay the face amount either on sight or on a specified date in the future.
B) It involves the use of a draft, drawn by the seller on the buyer.
C) It is the ideal method of payment because a company has immediate use of the money.
D) It involves wire transfers or the acceptance of credit cards.
E) It puts the exporter under great risk and offers the least control over the supplies.

Correct Answer:

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