One example of a formal authoritative document is a ________.
A)Customer purchase order
B)loan agreement
C)vendor invoice
D)loan application

Question

Quizplus · Accepted Answer

A loan agreement is a formal authoritative document that outlines the terms and conditions of a loan between a lender and a borrower. It is legally binding and typically requires signatures from both parties. The other options listed are important documents in business transactions, but they do not carry the same level of authority as a loan agreement.

One Example of a Formal Authoritative Document Is a ________