Jacob Benito Runs a Business Based in Norway That Sells

question 55

Multiple Choice

Jacob Benito runs a business based in Norway that sells the steel used in hockey blades.Jacob sold $50 000 worth of steel to Wayne Lemieux of Canada on 8 August 2016.Using a bill of exchange, the two parties agreed that the $50 000 would not be due until 8 October 2016 and Wayne arranged for the payment to be made through his account at ABC Trust Company.Which of the following is true?

• A)Jacob is the payee, Wayne is the drawer, and ABC is the drawee.
• B)Jacob is the drawee, Wayne is the drawer, and ABC is the payee.
• C)Jacob is the drawee, Wayne is the payee, and ABC is the drawer.
• D)Jacob is the payee, Wayne is the drawee, and ABC is the drawer.
• E)Jacob is the payee, Wayne is the drawee, and ABC is the other payee.

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Definitions:

Defensiveness And Resistance

Psychological reactions that serve to protect an individual's ego or self-concept, often manifesting as opposition to change or criticism.

Lack Of Confidence

A state of self-doubt and uncertainty about one's abilities or self-worth, which can hinder performance and decision-making.

Feedback Effective

Refers to the delivery of constructive and meaningful information that can lead to improved performance or behavior.

Interactive

Characterized by mutual or reciprocal actions or influence between people or systems, often enhancing engagement and effectiveness.