The Person or Company to Whom the Draft or Bill

question 28

Multiple Choice

The person or company to whom the draft or bill of exchange is addressed is the:

• A) drawee.
• B) drawer.
• C) maker.
• D) originator.

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Definitions:

Wages

Compensation paid to employees based on the hours worked, typically expressed as an hourly rate.

Pay for Knowledge Systems

Compensation strategies that reward employees for their skills, expertise, and the range of tasks they are capable of performing, rather than for the job position itself.

Competency-Based Pay

A compensation system that bases an employee's pay on the skills, abilities, and knowledge they bring to the job, rather than their job title or position.

Management Styles

The various approaches and methods used by managers to motivate staff, direct activities, and achieve organizational objectives.