A check is a draft payable on demand

a. True
b. False
Indicate whether the statement is true or false


True

Business

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For improper execution or failure to execute payment orders, banks can be liable to:

A. the originators for consequential damages. B. the beneficiaries for their incidental expenses. C. the originators for their expenses in the transaction along with incidental expenses and interest losses. D. both the originators and beneficiaries for consequential damages, even though the written agreement of the receiving bank does not provide for it.

Business

As a profession, salespeople need no more tact than those in any other profession.

Answer the following statement true (T) or false (F)

Business

The just-in-time (JIT) philosophy is the belief that cutting inventory and removing non-value-added activities in operations can eliminate waste

Indicate whether the statement is true or false

Business

A _____ falls between the product layout and the process layout.

A. cellular layout B. line layout C. fixed position layout D. functional layout

Business