If Stanley Starre Receives a Check Payable to "Stanley Starr

question 29

Multiple Choice

If Stanley Starre receives a check payable to "Stanley Starr," how can he endorse the check?

• A) He can indorse the check using "Stanley Starr."
• B) He can indorse the check using "Stanley Starre."
• C) He can indorse the check as both "Stanley Starre" and "Stanley Starr."
• D) A,B,and C are correct.

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Definitions:

Profit

The earnings obtained when income from a business endeavor outstrips the total expenses, costs, and taxes necessary to maintain that endeavor.

Marginal Revenue

The additional income that is gained from selling one more unit of a product or service.

Price Change

A modification in the selling price of goods or services over a period.

Total Cost

The aggregate financial sum incurred by a firm in the production of goods or services, including both fixed and variable costs.