List and briefly explain the functions of a negotiable instrument
What will be an ideal response?
Negotiable instruments serve the following functions:
1. Substitute for money. Merchants and consumers often do not carry cash for fear of loss or theft. Thus, certain forms of negotiable instruments—such as checks—serve as substitutes for money.
2. Act as credit devices. Some forms of negotiable instruments extend credit from one party to another. A seller may sell goods to a customer on a customer's promise to pay for the goods at a future time, or a bank may lend money to a buyer who signs a note promising to repay the money.
3. Act as record-keeping devices. Negotiable instruments often serve as record-keeping devices. Banks may return canceled checks to checking account customers each month or allow customers to view them online. These act as a record-keeping device for the preparation of financial statements, tax returns, and the like.
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Accredited investors are:
A. directors, executive officers, and general partners of the issuing company. B. investors who purchase over $5,000 of the venture's securities. C. investors whose net worth is $500,000 or less. D. investors with incomes of no less than $5,000 in each of the last two years.
Eliza is a new manager, and she frequently feels it necessary to threaten her employees with a variety of punishments in order to get them to follow the rules. The level of personal moral development at which Eliza is operating is the ______ level according to Kohlberg.
a. conventional b. unconventional c. preconventional d. postconventional e. reconventional
Sustainability refers to ______.
a. the use of methods, systems, and materials that will not deplete resources or harm natural cycles b. a company’s ability to ensure that suppliers deliver raw materials and other inputs on a timely basis over an extended period c. the financial capability of a firm to maintain its operations without resorting to external funding d. the use of proper methods for maintaining the longevity of machines and other equipment
The best way to personalize correspondence is through the use of pronouns. When using the pronouns you, your and we, the focus is on
A) The ego. B) The staff. C) The reader. D) The team