If the drawer does not have enough money in his or her account when a properly payable check is presented for payment, the payer bank is obligated to honor the check and create an overdraft in the drawer's account

Indicate whether the statement is true or false


FALSE

Business

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Redbox places vending machines at local convenience and grocery stores that allow customers to rent and return popular DVDs 24 hours a day. This creates both ________ and ________ utilities.

A. form and possession B. form and time C. form and place D. place and time E. time and possession

Business

The total variable overhead variance is obtained by adding variable overhead cost variance and ________.

A) total manufacturing overhead variance B) total direct labor variance C) fixed overhead cost variance D) variable overhead efficiency variance

Business

In recent years, changes in technology have ______.

A. blurred the differences between products and services B. made the differences between products and services more distinct C. required products to be offered with services D. made products more important than services

Business

The adoption process for new products refers to the mental process through which an individual passes from first learning about an innovation to final adoption

Indicate whether the statement is true or false

Business