Lou Writes a Check to Bud but Leaves Out Some

question 6

Multiple Choice

Lou writes a check to Bud but leaves out some essential components that are required on the check.This check would be described as ________.

• A) valid
• B) executed
• C) executory
• D) unenforceable

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Definitions:

Income Taxes

Taxes levied by the government on the income of individuals or organizations.

Production Costs

Production costs are the cumulative costs incurred in the process of producing goods or services, including labor, materials, and overhead expenses.

Government

The institution or group of people that governs and makes decisions for a community, state, or nation.

Imports

Goods and services purchased by a country from other countries, which contribute to the nation's supply but require expenditure of domestic currency.