The Most Common Use of Drafts Is To

question 366

Multiple Choice

The most common use of drafts is to:

• A) guarantee payment from bankrupt parties
• B) guarantee payment for real estate
• C) guarantee payment for nonnegotiable contracts
• D) guarantee payment between businesses located in different states
• E) none of the other choices are correct

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Definitions:

Line Organization

A traditional business structure with direct, clear lines of authority and communication from top management to employees.

Manager

An individual responsible for controlling or administering an organization or group of staff.

Middle Management

Second tier in the management hierarchy that focuses on specific operations within the organizations.

Team Leaders

Individuals responsible for guiding, directing, and managing the performance of a specific group or team to achieve set objectives.