Which of the Following Statements Is True of a Negotiable

question 63

Multiple Choice

Which of the following statements is true of a negotiable instrument?

• A) It should be signed by the payee.
• B) It can be either written or oral.
• C) It should not require any undertaking other than the payment of money.
• D) It need not state a fixed amount of money and can include a service that needs to be rendered.

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Definitions:

Divisional Design

A type of organizational structure where operations are divided into semi-autonomous units or divisions based on product, service, or geographic location, each with its own management.

U-form Design

A type of organizational structure where activities are divided according to their functions, emphasizing departmental specialization and hierarchical communication.

Chief Operating Officer (COO)

An executive role responsible for managing the day-to-day administrative and operational functions of a company.

Top Management Team

The top management team of an organization refers to the group of senior executives responsible for the overall strategic operation of the firm.