When a Time Draft Is Presented to a Drawee,he or She

question 56

Multiple Choice

When a time draft is presented to a drawee,he or she signifies acceptance of it by

• A)delivering the goods immediately.
• B)paying the draft amount immediately.
• C)providing a collateral for the amount specified in the bill.
• D)writing or stamping a notice of acceptance on its face.
• E)selling the draft to an investor at a discount from its face value.

Understand the role and formulation of organizational missions in strategy development.

Recognize strategies for competing on differentiation, cost leadership, and responsiveness.

Analyze the role of experience differentiation in service delivery.

Understand the process of developing strategies to achieve organizational missions and goals.

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Definitions:

Resource Demand

The requirement for resources or inputs necessary for production in response to market needs.

Infinitely Elastic

A situation in which the quantity demanded or supplied changes by an unlimited amount in response to any change in prices.

Labor Demand

The amount of work that employers are ready to employ at a specified rate of pay.