The Person or Company to Whom the Draft or Bill

question 28

Multiple Choice

The person or company to whom the draft or bill of exchange is addressed is the:

• A) drawee.
• B) drawer.
• C) maker.
• D) originator.

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Definitions:

Company's Operation

Refers to the daily activities involved in running a business, including production, marketing, sales, and administrative tasks, essential for generating revenue.

Staff Department

A unit that provides services, assistance, and advice to the departments with line or other staff responsibilities.

Line Responsibilities

Duties and tasks directly involved in the operations of an organization and its core business functions.

Services

Economic activities that result in the production of non-physical goods and benefits, such as consulting, banking, or education.