Separating the Shipping and Billing Functions Is Designed to Reduce

question 88

Multiple Choice

Separating the shipping and billing functions is designed to reduce the threat of

• A)failure to bill customers.
• B)billing customers for wrong quantities.
• C)billing customers before merchandise has been shipped.
• D)shipping the wrong merchandise.

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Definitions:

Coupon Bond

A type of bond that pays the holder a fixed interest payment (coupon) at regular intervals until the bond reaches its maturity date.

Maturity

The date on which the principal amount of a bond, loan, or other financial instrument is due to be paid back to the investors.

Interest Rates

The cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal.

Premium

The amount by which the price of a financial instrument or insurance policy exceeds its face value or the cost above the normal price.