According to the UCC, a draft may be:
a. payable in the future b. payable on sight
c. payable within a certain time
d. none of the other choices; those are features of a check e. all of the other specific choices are correct
e
You might also like to view...
Which of the following is NOT one of the ways in which a fraud investigation must be conducted?
a. Investigators should be experienced and objective professionals. b. Investigators should closely guard all hypotheses regarding guilt or innocence of individuals being investigated. c. Investigators should inform management of only the basics of the investigations in case they are involved. d. Investigators must be sure to follow appropriate investigative techniques.
Which of the following is the name of a form providing standard quantities of inputs required to produce a unit of output and the standard prices for the inputs?
A. Master budget B. Variance account C. Standard cost sheet D. Static budget
Why is depreciation expense irrelevant to most managerial decisions, even when it is a future cost?
The statistical thinking underlying Six Sigma is based on which of the following three principles?
A. All activities can be controlled, employee empowerment is the best control tool, and 100 percent control is possible. B. Most business processes are subject to control, Six Sigma can totally remove variability in how processes are performed, and most defects can be eliminated. C. All work activities can be done accurately most of the time, empowered employees are necessary for effective control, and good statistical data is an empowered employee's best control tool. D. All work is a process, all processes have variability, and all processes create data that explains variability. E. All work is a statistically controllable process, 100 percent control is possible, and every well-controlled process is defect-free.