A Trade Acceptance, When Immediate Payment Is Not Required, Is

question 69

Multiple Choice

A trade acceptance, when immediate payment is not required, is a:

• A) Sight draft
• B) Time draft
• C) Bill of lading
• D) None of the above

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Definitions:

Organic Analogy

The belief that society is like an organism with interdependent and interrelated parts.

Functionalism

A theoretical framework that views society as a complex system whose parts work together to promote solidarity and stability.

Equilibrium

A state of balance or stability within a system, achieved when competing influences are equalized.

Conservative Reaction

The response by conservative groups or individuals against changes or reforms that they perceive as threatening to traditional values or structures.