A Sight Draft Allows for a Delay in Payment

question 62

True/False

A sight draft allows for a delay in payment.

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Definitions:

Norms

Shared standards or rules that govern behaviors within a group or society, indicating what is considered appropriate or acceptable.

Morals

Principles or beliefs concerning what is right and wrong behavior, guiding individual conduct and decision-making.

Ethics

Moral principles that govern a person's behavior or the conducting of an activity.

Socializing Agents

Entities or individuals that play a significant role in the process of teaching norms, customs, and ideologies within a society.