When Credit Is Offered with Only the Invoice as a Formal

question 6

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.

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Definitions:

Scheduled Dose

The prescribed timing and frequency at which medicine or treatment should be taken or administered.

Gastric Ulcer

A type of peptic ulcer that forms in the lining of the stomach, causing pain, indigestion, and other symptoms.

Allergy

A hypersensitive response of the immune system to substances that are generally harmless, such as pollen, foods, or dust.

Respiratory Depression

A decrease in the rate and depth of breathing, leading to inadequate ventilation and potentially dangerous levels of carbon dioxide in the blood.