Which of the Following Is Not a Requirement of Negotiability

question 32

Multiple Choice

Which of the following is not a requirement of negotiability?

• A) The instrument must be in writing.
• B) The instrument must be signed by the maker or drawer.
• C) The instrument must state a fixed amount of money.
• D) The instrument must contain an indorsement.
• E) The instrument must contain an unconditional order or promise to pay.

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Definitions:

Cost-Plus-Fixed-Fee Pricing

A pricing strategy where the selling price is determined by adding a fixed fee to the cost of the product or service, covering both the cost and a guaranteed profit margin.

Target Return

A specific profit objective set by a business, often used to guide pricing and investment strategies to meet financial goals.

Cost-Plus-Percentage-Of-Cost Pricing

A pricing method where the retail price is set by adding a predetermined percentage increase to the cost of the product.

Standard Markup Pricing

A pricing strategy where a fixed percentage is added to the cost of a product to set the selling price.