To Accept a Draft,the Drawee

question 33

Multiple Choice

To accept a draft,the drawee:

• A)need only sign the draft across the face of the instrument.
• B)needs to write "accepted" on a separate piece of paper.
• C)need only sign on a separate piece of paper affixed to the draft.
• D)needs to write "accepted" behind the instrument and sign the bank's record.

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Definitions:

Managerial Problem Solving

The process by which managers identify, assess, and resolve issues impacting their organization's operations or objectives effectively.

Behavioural Approach

A management perspective focusing on the actions and behaviors of individuals in organizations, aiming to improve productivity and satisfaction.

Human Resource Approach

A management strategy focusing on the development, well-being, and optimization of an organization's workforce.

Satisfying Social Relationships

Interactions and connections with others that fulfill emotional, psychological, and social needs, leading to a sense of contentment and well-being.