Which of the Following Is True Regarding Types of Common-Carrier

question 3

Multiple Choice

Which of the following is true regarding types of common-carrier delivery contracts?

• A) Common-carrier delivery contracts include origin and shipment contracts, but not destination or transfer contracts.
• B) Common-carrier delivery contracts include destination contracts, but not origin, transfer, or shipment contracts.
• C) Common-carrier delivery contracts include transfer contracts, but not origin, shipment, or destination contracts.
• D) Common-carrier delivery contracts include origin and transfer contracts, but not destination contracts.
• E) Common-carrier delivery contracts include origin and destination contracts, but not transfer contracts.

---

Definitions:

Internal Control

Procedures and policies implemented by a firm to protect its assets, ensure accurate and reliable financial reporting, promote operational efficiency, and encourage adherence to laws and regulations.

Segregation of Duties

A principle in accounting and corporate governance that aims to reduce the risk of error and fraud by dividing responsibilities among different individuals or departments.

Accounts Receivable

Financial obligations of clients or customers towards a business for received goods or services that are awaiting payment.

Subsidiary Ledger

A subsidiary ledger is a group of similar accounts whose totals summarize into a single amount shown in the general ledger, aiding detailed financial analysis and tracking.