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.

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Definitions:

Preganglionic Fibers

Nerve fibers originating in the brain or spinal cord that terminate in a ganglion, where they synapse with postganglionic neurons.

Postganglionic Fibers

Nerve fibers that transmit signals from a ganglion in the autonomic nervous system to the target organ.

Lateral Horn

A region in the spinal cord that contains nerve cells contributing to the autonomic nervous system.

Autonomic Ganglia

Ganglia containing the nerve cell bodies of the autonomic division of the nervous system.