In an Open Account Transaction, the Exporter Ships the Goods

question 48

True/False

In an open account transaction, the exporter ships the goods to the importer but retains title to the goods until they have been sold.

---

Definitions:

LLQ

Stands for Left Lower Quadrant, referencing a section of the abdomen that is useful in identifying sources of pain or disease.

RUQ

Right Upper Quadrant, a term used in medicine to refer to a specific area of the abdomen.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration.

Lat

Likely shorthand for "Latissimus dorsi," a large muscle on the back that is responsible for various movements of the shoulder.