Which of the Following Is True of a Trade Acceptance

question 72

Multiple Choice

Which of the following is true of a trade acceptance?

• A) The buyer is the payee.
• B) The seller is both the drawer and payee.
• C) The draft is countersigned by the drawee's bank.
• D) The draft is only as good as the drawer's creditworthiness.

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Definitions:

Subculture

A group within a larger culture that has its own distinct set of values, practices, and beliefs, which may differ from or complement the dominant culture.

Organizational Countercultures

Subcultures within an organization that hold values and norms that significantly differ from, or conflict with, the dominant culture of the organization.

Dominant Culture

Dominant culture refers to the established attitudes, values, beliefs, and customs that prevail within a society or an organization.

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or organization.