When a Time Draft Is Drawn on and Accepted by a Business

question 24

Multiple Choice

When a time draft is drawn on and accepted by a business firm, it is known as a(n)

• A) trade acceptance.
• B) in-transit bill.
• C) banker's acceptance.
• D) bill of lading.
• E) letter of credit.

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Definitions:

Electronic Inclinometer

An electronic inclinometer is a sensor or instrument used for measuring angles of slope, elevation, or depression of an object with respect to gravity's direction.

Balance Sensor

A device used to measure the balance or imbalance in systems or components, often utilized in automotive and industrial applications to ensure proper operation.

Lube Zerk

A fitting used on machinery to facilitate greasing of moving parts to reduce friction and wear.

Heavy-Duty Truck

A truck designed for high-load capacity and durability, typically used for commercial purposes, such as hauling goods or construction equipment.