Which of the Following Is the Party Ordered to Pay

question 49

Multiple Choice

Which of the following is the party ordered to pay on a draft?

• A)The drawee.
• B)The draftee.
• C)The draftor.
• D)The drawer.
• E)The payee.

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Definitions:

Management Hierarchy

is an organizational structure that arranges positions in order of rank or level of authority, from the highest to the lowest.

Organizational Structure

The system that outlines how certain activities are directed in order to achieve the goals of an organization, including roles, responsibilities, and authority.

CEO

Chief Executive Officer; the highest-ranking executive in a company, responsible for making major corporate decisions.

Marketing Manager

A professional responsible for leading and guiding the strategies that promote and sell products or services to target consumers.