Which of the Following Is True of a Promissory Note

question 84

Multiple Choice

Which of the following is true of a promissory note?

• A) It is an evidence of repayment of debt.
• B) It is a note denying the credit.
• C) It is an evidence of extension of credit.
• D) It is a note of acknowledgement of debt.

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Definitions:

Environmental Forces

External factors that impact an organization's ability to operate, including economic, political, legal, technological, and cultural elements.

Uncontrollable Factors

External elements that influence business operations and success, over which the company has no control, such as economic conditions, social trends, and natural disasters.

Marketing Mix

A mix of elements that a company can manage to sway customer buying behavior, consisting of product, price, place, and promotion.

Consumer

An individual who purchases goods or services for personal use rather than for manufacturing or resale.