Which of the Following Is True of Payment Procedures

question 24

Multiple Choice

Which of the following is true of payment procedures?

• A) A letter of credit can be exercised only with specified shipping documents.
• B) Providing credit to customers is a risk to the customers.
• C) Up-front cash payment is a risk to the customers.
• D) A documentary draft involves only two parties-the company and the customer.

---

Definitions:

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behaviors and emotions.

Pleasure Principle

A psychoanalytic concept that suggests individuals seek pleasure and avoid pain in order to satisfy biological and psychological needs.

Reality Principle

A psychoanalytic concept describing the process through which ego seeks to satisfy desire in realistic and socially appropriate ways, balancing the demands of the id and the super-ego.

Unconditional Positive Regard

A concept in humanistic psychology where an individual is accepted and loved as they are without conditions or judgment.