Which of the Following Is the Least Secure Method of Payment

question 2

Multiple Choice

Which of the following is the least secure method of payment for international transactions?

• A) Open account
• B) Letters of credit
• C) Payment in advance
• D) Documentary collection
• E) Consignment

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Definitions:

Conflicting Loyalties

A situation in which a person's different responsibilities or relationships create competing interests or values.

Functional Assignments

The allocation of specific tasks or duties to individuals or teams based on their expertise or roles within an organization.

Matrix

A conceptual framework or structure composed of rows and columns to systematically display information or data.

Team Meetings

Scheduled gatherings of team members aimed at discussing goals, progress, issues, and plans for future work.