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

question 14

Multiple Choice

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

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

---

Definitions:

Package

A namespace that organizes a set of related classes and interfaces, promoting modular programming in Java.

Superclass

In object-oriented programming, a superclass is a class from which other classes inherit methods and properties.

Subclass

A subclass is a class that inherits from another class, known as a superclass, enabling code reuse and the creation of more specific categories or behaviors.

GUI Programs

Applications that use a Graphical User Interface (GUI) to interact with users through graphical icons and visual indicators, as opposed to text-based interfaces.