Which of the Following Is True of a Trade Acceptance

question 72

Multiple Choice

Which of the following is true of a trade acceptance?

• A) The buyer is the payee.
• B) The seller is both the drawer and payee.
• C) The draft is countersigned by the drawee's bank.
• D) The draft is only as good as the drawer's creditworthiness.

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Definitions:

Wage Surveys

Systematic processes for collecting data about compensation rates for specific jobs within an industry, region, or organizational level to establish competitive and fair wage structures.

Salary Surveys

Research tools used to determine the average compensation paid to employees in specific job categories, industries, or geographic areas.

Discriminatory

Actions or policies that treat individuals unfairly or unequally based on characteristics like race, gender, age, or disability.

Job Classification

This is a method for systematically categorizing jobs within an organization on the basis of their duties, responsibilities, and the level of complexity.