Holders in due course take an instrument subject to

a. personal defenses only.
b. real defenses only.
c. both real and personal defenses.
d. no defenses.


B

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In order to influence the evaluation process, savvy marketers often use connectors to

A) disseminate fake blogs and video news releases. B) accompany them in door-to-door sales campaigns. C) discourage companies from carrying out traditional advertising campaigns. D) negotiate product placement deals in television and films. E) popularize certain criteria for making a specific product choice.

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Merchandise subject to terms 1/10, n/30, FOB shipping point, is sold on account to a customer for $25,000. The seller paid freight costs of $2,000 and issued a credit memo for $10,000 prior to payment. What is the amount of the cash discount allowable?

A) $170 B) $150 C) $130 D) $250

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Which of the following salutations should you use in a cover letter when you cannot determine the name of the person who will interview you?

A) Dear Sir B) Dear Human Resources Manager C) To Whom It May Concern D) Madam or Sir

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Ethical behavior on the part of Plastics Products Company may be inhibited by

A. clear ethical standards. B. collective decision making. C. legislative determinations of what represents society's best interest. D. managers' dissent to unethical decisions.

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