Which of the Following Statements Holds True for the Time

question 71

Multiple Choice

Which of the following statements holds true for the time draft?

• A)The time draft is paid on the receipt of the goods by the importer.
• B)The time draft is payable typically 30, 60, 90, or 120 days in the future as specified by the draft.
• C)The time draft is paid on receipt of the draft (when it is "seen").
• D)The time draft is paid in advance immediately after the order is made to the exporter and before the export of the ordered goods.
• E)The time draft is paid after a period of exactly one year after the delivery has been made to the importer.

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Definitions:

Leader's Behavior

Actions, decisions, and practices of an individual in a leadership role that influence the direction, performance, and culture of an organization or group.

Forces

Elements or factors that can influence the direction or outcome of actions, events, or processes within organizations or industries.

Autocratically

In a manner that involves absolute or dictatorial control, often referring to a leadership or governance style.

Crisis

A significant, unexpected, and potentially dangerous situation requiring immediate attention and action to prevent or mitigate damage.