Which of the Following Is Not a Payment Method Used

question 20

Multiple Choice

Which of the following is not a payment method used for international trade?

• A) consignment
• B) open account
• C) factoring
• D) draft
• E) letter of credit

---

Definitions:

Gross Profit

The excess of net sales over the cost of goods sold.

Balanced Scorecard Approach

A strategy performance management tool that views an organization from four perspectives: financial, customer, process, and learning and growth.

Financial Measures

Quantitative metrics used to gauge a company's performance, financial health, and results over a specific period.

Income Statements

Financial statements that summarize a company's revenue, expenses, and profits over a specific period of time.