Which of the Following Methods of Payment Is the LEAST

question 73

Multiple Choice

Which of the following methods of payment is the LEAST popular among foreign buyers?

• A) cash in advance
• B) sight draft
• C) consignment sales
• D) countertrade

Understand the principles and implications of utilitarianism.

Recognize the differences between rational ethics and utilitarianism.

Identify the concept of utility thinking and its role in ethical decision-making.

Distinguish between negative rights theory and positive law.

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Definitions:

Future Value

The estimated value of a current asset or an amount of money at a specified date in the future, based on an assumed rate of growth or interest.

Interest Component

The portion of a payment that is attributed to interest on borrowed capital.

Compounded Annually

An interest calculation method where the interest is added to the principal at the end of each year, and future interest accrues on the new principal.

Accumulated

This term often refers to the total amount of something gathered over time, such as accumulated depreciation or accumulated earnings.