Albert Owes George a Sum of Money and Gives George

question 59

Multiple Choice

Albert owes George a sum of money and gives George a cheque made out to George for the amount he owes.In this case,George is

• A)The payor of the cheque.
• B) the assignor of the cheque.
• C) the payor of the cheque.
• D)the holder of the cheque
• E)the endorser of the cheque

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Definitions:

NAICS

The North American Industry Classification System; a standard used by federal statistical agencies for classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. economy.

Industry Definitions

Specific terms and jargon used within a particular sector to describe processes, tools, roles, and standards.

Six-Digit Coding

A reference to standardized codes, such as those in classification systems, that use six digits to categorize detailed information.

Industry Subsector

A specific, defined part of a broader industry, characterized by a unique set of products, services, or manufacturing processes.