One of the Fundamental Requirements for a Negotiable Instrument Is

question 79

Multiple Choice

One of the fundamental requirements for a negotiable instrument is that it must be ________.

• A) supplemented with interest upon payment
• B) secured with collateral
• C) a three-party instrument
• D) written on an ordinary paper

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Definitions:

Work Sharing

Reducing the number of hours employees work to avoid layoffs when there is a reduction in normal business activity.

Management Objectives

Specific goals set by a management team to guide the operations and direction of a company or organization.

Compressed Workweek

An alternative work schedule in which employees work fewer than the normal five days a week but still put in a normal number of hours per week.

Peter Drucker

An Austrian-born American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation.