Betty writes a check for the purchase of a pair of shoes. The manager of the shoe store takes the check to Betty's bank and asks the bank to cash it. Must Betty's bank honor the check?
a. Yes, if Betty actually has an account at that bank.
b. Yes, if the shoe store has an account at Betty's bank.
c. No, if Betty did not authorize the bank to cash the check.
d. No, because Betty is liable to pay, not the bank.
d
You might also like to view...
Purchases of new houses are part of
A. net exports. B. government spending. C. investment. D. consumption.
________ is a framework or blueprint for conducting the marketing research project. It specifies the details of the procedures necessary for obtaining the information needed to structure and/or solve marketing research problems
A) Research classification B) Research design C) Design formulation D) None of the above
The statement of cash flows helps users ________.
A) predict future net income B) evaluate management decisions C) evaluate the company's earnings per share D) predict the growth of a company's assets
Which of the following is a promotional technique that returns some or all of the purchase price to the buyer to encourage product trial or repurchase?
A) contest B) allowance C) loyalty program D) refund or rebate E) premium