When Inscribed "Accepted" by an Importer, A(n) ________ Becomes a Negotiable

question 177

Multiple Choice

When inscribed "accepted" by an importer, a(n) ________ becomes a negotiable instrument that can be traded among financial institutions.

• A) sight draft
• B) bill of lading
• C) time draft
• D) airway bill

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Definitions:

Creativity

The ability to generate new and original ideas, solutions, or products.

Initiative

The ability to assess and initiate things independently, often leading to action without direct orders.

Debt Financing

A method of raising capital through borrowing money from lenders or issuing bonds, to be repaid over time with interest.

Entrepreneurship

The process of designing, launching, and running a new business, often initially a small business.