A Restrictive Endorsement on a Check

question 42

Multiple Choice

A restrictive endorsement on a check:

• A)can be further endorsed by someone else.
• B)is the safest endorsement for businesses.
• C)permits the bank to use its best judgment.
• D)must be endorsed by the company president.

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Definitions:

Consumer Behavior

The study of how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires.

Marginal Utility

The incremental utility or enjoyment gained from the consumption of one more unit of a good or service.

Opportunity Cost

Forgoing the chance to gain from other possibilities by selecting one option.

Consumer Behavior

The study of how individuals, groups, and organizations select, purchase, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires.