The relationship between sales and inventory for ABC Company is M:N. During the year, the ABC Company runs periodic sales. The actual sales price of an item sold to a particular customer would be stored in which table?
A. Inventory
B. Sales
C. Inventory Sales
D. none
Answer: C. Inventory Sales
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According to the Uniform Commercial Code Section 2-207, which of the following is true with regard to non-merchants dealing with the sale of goods?
A) A counteroffer by the offeree does not constitute a rejection, and the additional term added by the offeree will automatically become part of the contract. B) A counteroffer by the offeree does not constitute a rejection, but the additional term added by the offeree will not become part of the contract. C) A counteroffer terminates the negotiation and triggers the terms of the Restatement of the Law of Contracts. D) A counteroffer constitutes a rejection of the original offer, but the parties may continue to negotiate the contract terms.