A check may fall under Uniform Commercial Code Article 3 as a negotiable instrument and be subject to UCC Article 4 in the course of collection.
Answer the following statement true (T) or false (F)
True
You might also like to view...
A corporation usually distributes all of its earnings to stockholders at the end of the fiscal year
Indicate whether the statement is true or false
The number of orders that will be submitted each year for raw material is given by which formula?
a. Economic order quantity ? order point b. Total annual material needs/economic order quantity c. Order point/economic order quantity d. Total annual material needs/safety stock
George, a customer relationship manager, is going to be away on vacation for a week. During his absence, he will continue to receive e-mails from customers. In order to maintain a positive customer-service image, George should use his e-mail program's auto-responder function to:
A. refer the customers to a staff member who can help. B. categorize all customer complaint e-mails as spam. C. delete all e-mails addressed to him while he is away. D. tell his customers that they cannot be helped.
Which of the following holds true for the royalty fee paid by a franchisee?
A) It is a lump-sum payment for the privilege of being granted a franchise. B) It is a fee for promotional campaigns and administrative costs. C) It is a fee for the continued use of a franchisor's trade name. D) It is a payment for any land or equipment leased from a franchisor.