A Company Cheque for Payment Must Be Signed By

question 32

Multiple Choice

A company cheque for payment must be signed by:

• A)a person specifically authorised by the company.
• B)the external auditor.
• C)any employee of the company.
• D)a bank employee.

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Definitions:

Law of Diminishing Returns

A principle stating that if one factor of production is increased while other factors are held constant, the marginal product of the increased factor will eventually decrease.

Moral Hazard

A situation where one party takes risks because they know they will not have to bear the full consequences of their actions.

Divorce Insurance

A type of financial product designed to provide financial protection to individuals in case of a divorce, typically by paying a lump sum.

Marital Problems

Issues or conflicts arising between spouses that can affect the stability and health of the marriage.