Which of the Following Is a Characteristic of a Time

question 111

Multiple Choice

Which of the following is a characteristic of a time draft?

• A)It has no value given the deferred nature of the document.
• B)It is generally not preferred in international transactions.
• C)It is a negotiable instrument.
• D)It is also known as a bill of lading.
• E)It cannot be sold by an exporter.

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Definitions:

Operating Expenses

Costs associated with the day-to-day functions of a business that are not directly tied to production.

Discontinuance

The cessation of a business operation or a business segment's activities.

Correct Error

The process of identifying and rectifying mistakes or inaccuracies in financial statements or records.

Overstatement

The exaggeration of financial performance or values in financial reporting, leading to misleadingly positive presentations.