Which of the Following Is True About an Open Account

question 67

Multiple Choice

Which of the following is true about an open account as a method of payment?

• A) It requires the buyer to pay the face amount on sight.
• B) It requires the exporter to bill the customer, who is then expected to pay under agreed-on terms at a future date after the goods are manufactured and delivered.
• C) It involves the use of a draft, drawn by the seller on the buyer.
• D) It is the ideal method of payment because a company has immediate use of the money.
• E) It involves wire transfers or the acceptance of credit cards.

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Definitions:

Nutritional Counseling

A process by which a health professional provides advice and guidance on diet and nutrition to promote healthy eating habits and address specific health issues.

Kilocalories Per Gram (kcal/g)

A unit of measurement that indicates the amount of energy food provides; commonly used to measure the energy content in nutrients such as fats, proteins, and carbohydrates.

Carbohydrates

Essential nutrients found in foods, consisting of sugars, starch, and fiber, which provide energy to the body.

Protein

Organic molecules composed of amino acids, essential for the structure, function, and regulation of the body's cells, tissues, and organs.