Which of the Following Is an Example of a Nonderogable

question 46

Multiple Choice

Which of the following is an example of a nonderogable right?

• A)Freedom from torture.
• B)Free primary education.
• C)The right to form trade unions.
• D)The right to vote.
• E)Freedom to own property.

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Definitions:

Credit Policy

A credit policy is a set of guidelines that a company follows to determine credit limits, payment terms, and how to manage delinquent accounts for its customers.

Terms of Sale

The conditions under which a sale is made primarily with respect to payment. Terms include a date on which payment is due and often specify a prompt payment discount that may be taken if payment is made within a specified time.

Lock Box Systems

A service provided by banks to companies for the quick collection of payments from customers by directing those payments to a special post office box.

Float Management

The practice of managing the time difference between issuing and clearing checks to optimize the available cash flow.