Due to National Security or Product Scarcity, Some Governments Require

question 95

Multiple Choice

Due to national security or product scarcity, some governments require that organizations need to acquire a(n) _____, which refers to the permission to export goods.

• A)export declaration
• B)license
• C)letter of credit
• D)bill of lading
• E)customs invoice

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Definitions:

Collateralized

Secured by an asset or property as a guarantee for the repayment of a loan.

Sinking Fund

A reserved fund into which an organization sets aside money over time, to repay debt or replace a significant asset in the future.

Pension Plan

A type of retirement plan where an employer contributes to a pool of funds set aside for an employee's future benefit.

Contractual Agreement

A legally binding agreement between two or more parties outlining the terms and conditions of a deal.