There Are Three (3)parties to an Ordinary Check: (1)the ________,The

question 40

Multiple Choice

There are three (3) parties to an ordinary check: (1) the ________,the customer who maintains the checking account and writes checks against the account; (2) the ________,the bank on which the check is drawn; and (3) the ________,the party to whom a check is written.

• A) payee; drawer; drawee
• B) payee; drawee; drawer
• C) drawer; payee; drawee
• D) drawee; payee; drawer
• E) drawer; drawee; payee

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Definitions:

Lean Production

A manufacturing philosophy that emphasizes the minimization of waste and maximization of efficiency within the production process.

Competitive Advantage

Allows an organisation to deal with market and environmental forces better than its competitors.

Service Quality

An assessment of how well a service meets or exceeds customer expectations.

Customer Service

The assistance and support provided by a company to those who buy or use its products or services.