Trust Which Is Based on a Mutual Understanding of Each

question 31

Multiple Choice

Trust which is based on a mutual understanding of each other's intentions and appreciation of the other's wants and desires is referred to as ________.

• A) substitute trust
• B) identification-based trust
• C) attributional trust
• D) assumption-based trust
• E) socialized trust

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Definitions:

Chequing Account

A bank account allowing the account holder to withdraw funds, write checks, and use electronic debit to access funds.

Cheque

A cheque is a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.

Regional Lockbox System

A banking service that speeds up collection of payments by establishing a network of collection points.

Accounts Receivable

Accounts receivable represents money owed to a company by its customers for products or services that have been delivered or used but not yet paid for.