A ________ Is Payable on Presentation to the Drawee

question 13

Multiple Choice

A ________ is payable on presentation to the drawee.

• A) bill of lading
• B) time draft
• C) sight draft
• D) letter of credit

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Definitions:

Matrix Structure

An organizational structure that combines two or more types of structures, typically project and functional, enabling more flexible and dynamic team collaboration.

Formal Group

A collection of individuals who come together to achieve a specific goal, structured and organized with defined roles and responsibilities.

Divisional Structures

An organizational framework where operations are divided into semi-autonomous units or divisions, each focusing on a certain product line or geographical area.

Unhealthy Rivalries

Competitions between individuals or groups that lead to negative outcomes, such as stress, conflict, or undermining each other.