Top Management Can Control

question 148

Multiple Choice

Top management can control

• A) only controllable costs.
• B) only noncontrollable costs.
• C) all costs.
• D) some noncontrollable costs and all controllable costs.

---

Definitions:

Notice of Dishonor

A formal notification indicating that a negotiable instrument, such as a check or bill of exchange, has been presented for payment and refused.

Cashier's Check

A check issued by a bank, drawn from its own funds and signed by a cashier or teller, guaranteeing payment to the payee.

Primarily Liable

Being the first or main party responsible for fulfilling a financial or legal obligation.

Fraud in the Factum

Refers to a specific type of fraud where a person is deceived into signing a document not knowing its true nature or essence.