For what does an indorser of a negotiable instrument become liable?
A) payment of the face amount and certain warranties
B) stated interest payable from the date of the indorsement
C) nothing; only the maker of an instrument is liable
D)any amounts not paid by the indorser's own bank
B
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Which internal control procedure is followed when storage areas are secured with limited access?
a. Segregation duties b. Safeguarding assets and records c. Independent verifications d. Proper authorizations
Which of the following is used to determine how the sales revenue of a company has changed from one year to the next?
A) vertical analysis of the balance sheet B) horizontal analysis of the income statement C) horizontal analysis of the balance sheet D) vertical analysis of the income statement
Choose sentence structures that reflect a __________________tone
a. scientific/technical b. professional/technical c. professional/legal d. friendly, conversational
Unlike product, promotion, or place, price is the only part of the marketing mix
A. that offers the opportunity for an oligopoly. B. that is determined by the consumer. C. that generates revenue. D. that leads to competition. E. that is subject to gray market manipulation.