When Credit Is Offered with Only the Invoice as a Formal

question 27

Multiple Choice

When credit is offered with only the invoice as a formal instrument of credit, the credit procedure is called:

• A)invoice account.
• B)open account.
• C)unsecured account.
• D)unsecured note.
• E)None of the above.

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Definitions:

Displacement

In physics, the change in position of an object; in engineering, the volume swept by the pistons inside the cylinders of an engine.

Horsepower

A unit of measurement for power, traditionally used to quantify the output of engines or motors.

Sum Of Squares

A statistical tool that quantifies the variance within a set of numbers, measuring the dispersion from their mean.

Error

A discrepancy between a computed or measured value and the true value.