The System of Writing Developed by the Citizens of Ugarit

question 67

Multiple Choice

The system of writing developed by the citizens of Ugarit:

• A)combined Egyptian hieroglyphics and Mesopotamian cuneiform.
• B)used an alphabet of about thirty symbols for the consonants.
• C)was hopelessly inefficient for the needs of trade.
• D)constituted a secret language used by diplomats and spies.
• E)was adopted throughout the region as an easier alternative to Phoenician.

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Definitions:

Pledged Financing

Financing obtained by offering assets as collateral to secure the loan, reducing the lender's risk.

Assignment Of Receivables

The transfer of a company's right to receive money from a debtor to another party.

Accounts Receivable Period

The mean duration a company requires to receive payments from its clients following a sale.

Quarterly Sales

Revenue generated by a company, or the amount of goods/services sold within a specific three-month period.