Which of the Following Establishes a Uniform Set of Rules

question 35

Multiple Choice

Which of the following establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers who have their places of business in different nations?

• A)Contracts for the International Sale of Goods
• B)Bill of Exchange
• C)United Nations Charter
• D)International Forwarding Agent Contract
• E)International Promissory Note

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Definitions:

Total Assets

Refers to the sum of everything of value owned by a business, including cash, securities, receivables, inventories, and fixed assets.

Sources of Cash

Various origins from which a business or individual receives money, including operations, financing, and investing activities.

Accounts Payable

Money owed by a company to its creditors or suppliers for products or services that have been delivered but not yet paid for.

Fixed Assets

These are long-term tangible assets that a firm owns and uses in its operations to generate income, such as buildings, machinery, and equipment, which are not expected to be consumed or converted into cash within a year.