Sight Drafts May Be Used to Collect Past-Due Accounts Receivable

question 82

True/False

Sight drafts may be used to collect past-due accounts receivable or to obtain cash on delivery when shipments are made to new customers or customers with poor credit.

---

Definitions:

Forecast

A prediction or estimate of future events or conditions based on available data or trends.

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and eventually to the end user.

Distortion

Alteration or warping of information, perception, or reality, often leading to misunderstanding or misinterpretation.

Information Received

The data or input obtained by an individual or organization, potentially influencing decision-making or actions.