If You Violate the Export Provisions of the Export Administration

question 255

Multiple Choice

If you violate the export provisions of the Export Administration Act, you might face:

• A) fines only
• B) jail time only
• C) civil or criminal penalties
• D) a failure-to-consent letter
• E) none of the other choices

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Definitions:

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered but not yet paid for.

Perpetual Inventory System

An accounting method that records inventory transactions in real-time, providing a continuous account of inventory levels.