Which of the Following Statements Holds True for Cash in Advance

question 49

Multiple Choice

Which of the following statements holds true for cash in advance?

• A)It is an arrangement in which the exporter ships the goods and then bills the importer.
• B)It is an arrangement in which an exporter is paid immediately on receipt of the bill of exchange.
• C)It is an arrangement in which an exporter sells a time draft at a discount to an intermediary that will pay the exporter immediately and then collect the full amount from the importer at the later date.
• D)It is an arrangement in which the exporter is paid exactly one year after the delivery has been made to the importer.
• E)It is an arrangement in which the exporter requires payment from the importer before shipping the goods.

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Definitions:

Repair Manual

A publication containing instructions and guidelines for fixing or maintaining machinery or equipment.

Contextual Inquiry

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Numerically based information used to measure, evaluate, or analyze variables or outcomes in various studies or reports.

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An ethical requirement whereby participants are fully informed about the procedures and risks involved before participating.