There are three parties to a check. The drawer is
A) a written document signed by the company
B) is the one who signs the check ordering payment by the bank
C) the bank on which the check is drawn
D) the party to whom payment is to be made
B
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A foreign currency option is an agreement between a holder (corporation) and a writer (commercial bank) that gives the holder the right to buy or sell a certain amount of foreign currency at any time through some specified date.
a. True b. False
________ are end-of-season merchandise that will not be in the manufacturer's offerings going forward.
A. Category killers B. Soft goods C. Closeouts D. Endcaps E. Irregulars
A major advantage of specialization of tasks in retailing is _____
a. the generation of broad-based potential managers b. the need for fewer employees c. greater employee expertise d. less boredom
Mobius Electronics incurs a cost of $350 to produce one unit of a cell phone. The company's management has priced the product at $600 in the market. Considering the technological advancement of the cell phone, customers perceive its value to be around $800. What is the economic value created in this scenario?
A. $800 B. $350 C. $200 D. $450