For What Purpose Would a Payee Use an Endorsement as Shown

question 44

Multiple Choice

For what purpose would a payee use an endorsement as shown in the following example: For deposit only P.J. Berry's 6639-88-83-9

• A) when depositing a check into his or her account
• B) when paying a check
• C) when transferring the check to another party
• D) when cashing a check

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Definitions:

Output

The cumulative quantity of products or services generated by a business, sector, or economic system over a given timeframe.

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain it.

Demand Schedule

A table or graph showing the quantity of a product that consumers are willing and able to purchase at various prices during a specified period.

Marginal Cost

The supplementary cost resulting from manufacturing an extra unit of a good or service.