Karen Has a Checking Account at First Bank

question 69

Multiple Choice

Karen has a checking account at First Bank.Karen writes a check to Bonanza Apartments for her rent.In this situation:

• A) Karen is the drawer, First Bank is the drawee, and Bonanza is the payee.
• B) Karen is the drawee, First Banks is the drawer, and Bonanza is the payee.
• C) Karen is the payee, First Bank is the drawee, and Bonanza is the drawer.
• D) Karen is the payee, First Bank is the drawer, and Bonanza is the drawee.
• E) Karen is the maker, First Bank is the drawee, and Bonanza is the payee.

---

Definitions:

Organizational Performance

An analysis of a company's ability to achieve its goals and objectives, measured by factors such as profitability, productivity, and market share.

Variable Cost

costs that vary directly with the level of production or service delivery, such as raw materials and labor expenses.

Fixed Costs

Expenses that do not change in proportion to the activity level of a business, such as rent, salaries, and equipment leases.

Break Even

The point at which total costs and total revenues are equal, leading to no net loss or gain.