Which of the Following Statements Holds True for the Time

question 71

Multiple Choice

Which of the following statements holds true for the time draft?

• A)The time draft is paid on the receipt of the goods by the importer.
• B)The time draft is payable typically 30, 60, 90, or 120 days in the future as specified by the draft.
• C)The time draft is paid on receipt of the draft (when it is "seen").
• D)The time draft is paid in advance immediately after the order is made to the exporter and before the export of the ordered goods.
• E)The time draft is paid after a period of exactly one year after the delivery has been made to the importer.

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Definitions:

Two-factor Theory

A psychological theory suggesting that there are separate sets of factors that cause job satisfaction and job dissatisfaction; introduced by Frederick Herzberg.

Method Bound

Referencing the limitation of a problem-solving or operational process to a specific methodology or approach.

Expectancy Theory

A motivational theory suggesting that individuals are motivated to act in certain ways based on the expected outcomes and the attractiveness of those outcomes.

Work Motivation

The set of psychological forces that influence an individual's behavior in a work setting, including their energy, direction, and persistence.