For services, Nick gave Cathy a $100 negotiable check. The check was payable to the order of Cathy. Cathy indorsed the check in blank and gave it to Bob in payment for a CD player she had purchased from him. Bob did not indorse the check but gave it to Sandy to repay a loan. Which statement is correct?

a. Bob has no liability on the check because he did not indorse it.

b. Bob gave transfer warranties to Sandy.

c. Bob has secondary contractual liability only.

d. Bob made no transfer warranties to Sandy.


b

Business

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The ______________________________ process is an interacting structure of people, equipment, activities, and controls that is designed to accomplish the steps of requirements determination, purchase order processing, and goods receipt

Fill in the blank(s) with correct word

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A(n) ________ is a small group of respondents interviewed by a moderator using a loosely structured format in which participants are encouraged to express their views and comment on the views of others in the group.

A. ethnic group B. focus group C. online research community D. customer advisory council E. demogroup

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Which of the following is a type of incentive compensation?

a. Health insurance b. Profit-sharing plans c. Pension plans d. Flexible spending programs

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Examples of firms that have built a culture around product quality are

A. Four Seasons and Southwest Airlines B. Lexus and Hewlett-Packard C. Cirque du Soleil and 3M D. Northern Telecom and Walmart

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