A Trade Acceptance Is a Sight Draft That Arises When

question 76

True/False

A trade acceptance is a sight draft that arises when credit is extended with the sale of goods.

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Definitions:

Subsidiary

A company that is completely or partly owned and wholly controlled by another company, known as the parent company.

Home-Country Nationals

Individuals who work for an organization or a subsidiary in their native country.

International Expansion

The process by which a company extends its business operations beyond its home country through establishing a presence in foreign markets.

Third-Country National

An individual employed in a country who is neither a citizen of that country nor of the country where the hiring organization is headquartered.