Advance Payment Is Common in Each of the Following Situations

question 31

Multiple Choice

Advance payment is common in each of the following situations EXCEPT when ________.

• A)two parties are unfamiliar with each other
• B)two parties are very familiar with each other
• C)the transaction is for a relatively small amount
• D)the buyer is unable to obtain credit

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Definitions:

Social Networking

The use of internet-based platforms to build social relations with other people who share similar personal or career interests.

Collaboration

Working together with one or more people to achieve a common goal or complete a task.

Crowdspeaking

Crowdspeaking is a method of amplifying a message by having a large number of people share or speak about it on social media simultaneously.

User-Generated Content Sites

Websites or platforms where the content is created, published, and shared by the users rather than the publishers or service providers.