A Simple Agreement Wherein the Exporter Sends an Invoice with the Goods

question 5

Multiple Choice

A simple agreement wherein the exporter sends an invoice with the goods and the exporter pays upon the receipt is called a(n) _____.

• A) open account
• B) commercial letter of credit
• C) banker's acceptance
• D) participation loan
• E) bond rating

---

Definitions:

Photoreception

The biological process by which organisms detect and respond to light, primarily through specialized light-sensitive cells.

Precognition

The purported psychic ability to see events in the future before they happen, outside the boundaries of known physical mechanisms.

Sensatory Receptors

Specialized cells or nerve endings that respond to changes in the environment by generating electrical signals.

Sensory Adaptation

The process by which sensory receptors become less sensitive over time when they are exposed to constant stimuli.