Once Accepted by the Drawee,a Time Draft Becomes A(n)

question 118

Multiple Choice

Once accepted by the drawee,a time draft becomes a(n)

• A)asset for the drawee.
• B)in-transit bill.
• C)promise to pay by the accepting party.
• D)bill of lading.
• E)letter of credit.

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Definitions:

Tacit Assumptions

Implicit understandings or beliefs that are not formally expressed but underpin decisions or actions.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives to achieve a desired goal.

HR Competency

Refers to the crucial skills, behaviors, and abilities that HR professionals must possess to effectively contribute to the organization's success.

Human Capital

The capabilities, insights, and background held by either an individual or a collective, regarded in relation to their economic or strategic value to a company or a state.