BMA-LEB-7 learning material

What is the purpose of BMA-LEB-7 learning material?

• To teach mathematical concepts

• To categorize, evaluate, and assess specific statutory/regulatory schemes impact on a Business

• To provide historical context on legislation

• To instruct on physical education techniques

Which of the following is a learning target for BMA-LEB-7?

• I can analyze a poem

• I can define a bill

• I can solve algebraic equations

• I can describe the process of photosynthesis

What is another learning target for BMA-LEB-7?

• I can perform a scientific experiment

• I can create a business plan

• I can explain the meaning of a sale

• I can speak a foreign language

What is a sale according to the image?

• A contract to provide a service

• A contract in which ownership of goods immediately transfers from the seller to the buyer for a price

• A barter system where goods are exchanged without money

• A contract that includes payment and delivery only

What does the term "Ownership" mean?

• The agreement between a seller and a buyer

• The act, state, or right of possessing something

• The exchange of goods or services for other goods or services without using money

• Things that are made to be sold

What is a "Contract to sell"?

• The act, state, or right of possessing something

• The amount of money expected, required, or given in payment for something

• An agreement between a seller and a buyer for a set price that the buyer has agreed to pay

• The exchange of goods or services for other goods or services without using money

What are "Goods"?

• The act, state, or right of possessing something

• The amount of money expected, required, or given in payment for something

• An agreement between a seller and a buyer for a set price

• Things that are made to be sold

What does "Price" refer to?

• The act, state, or right of possessing something

• The amount of money expected, required, or given in payment for something

• An agreement between a seller and a buyer for a set price

• The exchange of goods or services for other goods or services without using money

What is "barter"?

• The act, state, or right of possessing something

• The amount of money expected, required, or given in payment for something

• An agreement between a seller and a buyer for a set price

• Exchange of goods or services for other goods or services without using money

What is a Bill of Sale?

• A. A legal document for employment contracts

• B. A receipt that serves as written evidence of the transfer of ownership of goods

• C. A financial statement showing company profits

• D. A certificate for the completion of a course