When a Draft Is Drawn on and Accepted by a Bank

question 46

Multiple Choice

When a draft is drawn on and accepted by a bank, what does it become?

• A) Money in the bank
• B) Banker's acceptance
• C) Surety
• D) Break line

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Definitions:

Master Production Schedule

A detailed plan that outlines the specific quantities and timing of finished products to be produced, directly influencing procurement, manufacturing operations, and inventory levels.

Bill Of Materials

A comprehensive list detailing the raw materials, components, and assemblies required to create a product.

Materials Required

The list of all items and substances needed to complete a manufacturing process, project, or operation.

Planning Bills

A material grouping created in order to assign an artificial parent to a bill of material; also called “pseudo” bills, kitted material, or kits.