Albert buys a surround sound system from his neighbor George at George's garage sale. Albert writes George a check for $250 for the sound system. George is
a. the certifier.
b. the drawee.
c. the drawer.
d. the payee.
D
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Depending on the amount of money you have in Wachovia bank, you will receive a variety of different services. The lower-tiered customers are charged $7 to use a teller but can receive the same services for free if they use an ATM. Charging low-tiered customers for using live tellers is Wachovia's approach to
A. tailoring offers for these customers. B. soliciting feedback. C. offering better services. D. getting the lead out. E. letting customers opt out.
Which of the following statements is TRUE?
A) Appropriations of retained earnings require journal entries, but restrictions on retained earnings are usually reported in notes to the financial statements. B) No journal entries are needed to appropriate or restrict retained earnings. C) Both appropriations and restrictions of retained earnings require journal entries. D) Restrictions on retained earnings must be journalized, but appropriations are usually reported in notes to the financial statements.
Michael Porter's diamond framework explains
A. national value creation. B. national competitive advantage. C. domestic competitive advantage. D. domestic value creation.
Veronica offers to sell Rowena her luxury sedan and says that it has never been in an accident. Rowena hires Laszlo, a mechanic, to appraise the vehicle. Laszlo says that it most likely has been in an accident. In spite of this information, Rowena buys the car. Later, when it develops mechanical problems, she can
A. not rescind the contract. B. rescind the contract on the basis of fraud. C. rescind the contract on the basis of mistake. D. rescind the contract on the basis of unconscionability.