Sean's Company Lays Down Stringent Rules for Employees to Follow

question 28

Multiple Choice

Sean's company lays down stringent rules for employees to follow at work. Employees are expected to set goals for each day and week and share those goals on the company intranet. This way, Sean and his co-workers can be aware of the progress of departmental projects and prepare far in advance to meet deadlines. These qualities best describe a company that rates high on

• A) individualism.
• B) long-term orientation.
• C) femininity.
• D) uncertainty avoidance.
• E) power distance.

Recognize the liability shift from the drawer to the financial institution once a cheque is certified, in the absence of defects.

Comprehend the importance of structuring international financial transactions involving bills of exchange to comply with different jurisdictions.

Identify the rights of holders and negotiating parties of promissory notes in transactions.

Differentiate between cheques, bills of exchange, and promissory notes in terms of form, use, and legal treatment.