Which of the Following Is True About Drafts

question 10

Multiple Choice

Which of the following is true about drafts?

• A) Drafts are two-party paper.
• B) A draft must have a bank as the drawee.
• C) A draft contains an order to pay.
• D) All drafts are payable on demand.

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Definitions:

Demand Management

The process of forecasting, planning, and controlling demand for products and services to optimize supply chain performance.

Staff Training Centre

A facility dedicated to the development and enhancement of employees' skills and knowledge, aiming at improving performance and productivity.

CPR

Cardio-Pulmonary Resuscitation, a lifesaving technique aimed at reviving someone who has stopped breathing or whose heart has ceased to function.

Efficiency

The ratio of useful output to total input, measuring how effectively resources are utilized.