Adam Imports a Set of Audio Recording Equipment by Purchasing

question 60

Multiple Choice

Adam imports a set of audio recording equipment by purchasing it using his credit card from a company in the United States. He pays the full amount to the company before the product is shipped. It is evident that the method of payment in this scenario is _____.

• A) cash in advance
• B) commercial letter of credit
• C) documentary collection
• D) consignment

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Definitions:

Totem Pole

A carved wooden pole, typically created by the Indigenous peoples of the Pacific Northwest Coast of North America, that represents and commemorates ancestry, histories, people, or events.

Ancestry

The lineage or heritage of an individual, referring to the family descent and the cultural and ethnic background from which one comes.

Crest Poles

Tall, carved wooden poles produced by Indigenous peoples of the Pacific Northwest to represent family lineage, histories, rights, and privileges.

Oka Crisis

A 1990 land dispute between a group of Mohawk people and the town of Oka, Quebec, Canada, which highlighted Indigenous land claims and rights.