Sprock is a holder in due course on an instrument issued by Klingon. Which of the following defenses could be successfully raised by Klingon?
A)Forgery
B)Prior payment
C)Breach of contract
D)Fraud in the inducement
A
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A customer request for goods might take the physical form of a telephone call, an EDI transmission, an entry on a Web site, or a faxed or mailed customer order
Indicate whether the statement is true or false
What is an organization-level incentive plan that is intended to motivate employees to align their activities with the organization's goals?
A. profit sharing B. Scanlon plan C. group bonus D. merit pay E. gainsharing
Which of the following is one of the Court-Appointed or Panel Trustee's duties or characteristics?
a. Investigate the acts, conduct, liabilities, assets, and financial condition of the debtor, the operation of the debtor's business and the desirability of the continuance of that business. b. Approve reorganization plans c. Administering bankruptcy cases and reviewing employees and fee applications. d. Holds a valid claim against a debtor.
The Millard Division's operating data for the past two years are provided below: Year 1Year 2Return on investment 12% 36%Net operating income ? $360,000 Turnover ? 3 Margin ? ? Sales$3,200,000 ? Millard Division's margin in Year 2 was 150% of the margin in Year 1.The net operating income for Year 1 was:
A. $768,000 B. $384,000 C. $240,000 D. $256,000