Which One of These Statements Is True Regarding Promissory Notes

question 51

Multiple Choice

Which one of these statements is true regarding promissory notes?

• A)Most trade credit arrangements use promissory notes.
• B)Promissory notes are used when firms do not anticipate a problem with collections.
• C)Promissory notes usually involve no cash discount.
• D)A promissory note must be signed and delivered prior to goods being shipped.
• E)Promissory notes are used for small orders only.

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Definitions:

Paleolithic Painting Convention

Refers to the techniques and styles used in cave paintings by early humans during the Paleolithic era, characterized by naturalistic and symbolic representations of animals and humans.

Outline Technique

An artistic method where the primary form is delineated with outlines, often used in drawing, painting, and various crafts.

Three-Quarter View

A term in art and photography that refers to a depiction of a subject turned slightly away from the viewer, showing more than half but less than the full profile.

Profile View

A drawing or representation of a figure or object viewed from the side, commonly used in art and portraiture.