Rita owes $6,000 in unpaid taxes. In the sand of Seaside Beach, she executes an instrument for that amount that otherwise meets the requirements for negotiability. This instrument is likely

A. negotiable.
B. nonnegotiable, because an instrument must be on paper.
C. nonnegotiable, because sand is not sufficiently permanent.
D. nonnegotiable, because the government does not appreciate it.


Answer: C

Business

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The high-low method is a cost estimating approach that uses ________ to find the cost line.

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The Bentley Agency places $2,500 in radio spots and $17,500 in television spots for Darnell Insurance in June. For its efforts this month, the agency "traditionally" would receive ____ in compensation.

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