When a Time Draft Is Drawn on and Accepted by a Business

question 24

Multiple Choice

When a time draft is drawn on and accepted by a business firm, it is known as a(n)

• A) trade acceptance.
• B) in-transit bill.
• C) banker's acceptance.
• D) bill of lading.
• E) letter of credit.

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Definitions:

Diversity

entails the inclusion and representation of different types of people and viewpoints in a group, organization, or society, valuing differences in race, gender, age, cultural background, etc.

Value-based Management

Management that actively develops, communicates, and enacts shared values.

Corporate Culture

encompasses the beliefs, behaviors, values, and symbols that are accepted generally by employees of an organization, influencing its identity and actions.

Value-based Management

A management approach that ensures corporations are managed consistently on value, maximizing shareholder value over time.