Describe the unconditionality feature of a bill or note
What will be an ideal response?
The promise or order to pay made in a bill or note cannot be conditioned upon the performance of some other obligation. The reason for this is basic to the concept of negotiability. If the holder of a bill or note had to determine whether a collateral promise had or had not been fulfilled, the utility of these instruments would be greatly reduced.
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Under the marketing concept, marketing and selling are synonymous
Indicate whether the statement is true or false
Designated market areas (DMAs), in practice, are usually overlapping.
Answer the following statement true (T) or false (F)
Short-term cash planning tools include preparation of a: sales schedule, a purchases schedule, a wages and commissions schedule, and a cash budget
Indicate whether the statement is true or false
Describe the different types of tariffs and provide an example of each
What will be an ideal response?