Which of the Following Was NOT One of the Seven

question 62

Multiple Choice

Which of the following was NOT one of the seven sacraments of the church?

• A)pilgrimage
• B)ordination
• C)confirmation
• D)extreme unction
• E)penance

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Definitions:

Quarterly Disbursements

The act of paying out or distributing company funds, typically dividends or investments, on a quarterly basis.

Compensating Balance

A minimum account balance that a firm agrees to maintain in a bank account, often used to secure a loan or line of credit.

Accounts Payable

Short-term liabilities representing amounts owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Factoring

A financial transaction and a type of debtor finance where a business sells its accounts receivable to a third party (the factor) at a discount.