Which of the Following Is the Least Risky for an Importer

question 26

Multiple Choice

Which of the following is the least risky for an importer?

• A) Irrevocable letter of credit
• B) Open account
• C) Consignment
• D) Bank collection time draft

Understand the role of pathogens and invasive species in the decline of native species and biodiversity.

Recognize conservation strategies and programs designed to save species from extinction.

Identify the significant challenges faced by biodiversity due to climate change, including global warming and ocean acidification.

Understand the relationship between human activities, particularly overexploitation and habitat degradation, and the decline of biodiversity.

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Definitions:

Power of Attorney

A legal document authorizing one person to act on behalf of another in legal or financial matters.

Commerce Treaty

An international agreement between countries that regulates aspects of trade among them, possibly including tariffs, import and export quotas, and other trade restrictions.

Negotiable Instrument

A written and signed promise or order to pay a specific sum of money that can be transferred by endorsement or delivery.

Typewritten Terms

Refers to the conditions or clauses in a document that have been added or created using a typewriter, distinguishing them from printed or handwritten terms.