A Resource Is

question 32

Multiple Choice

A resource is:

• A) something that people respond to.
• B) anything that can be used to make something of value.
• C) a good or service.
• D) something of value.

Understand the adaptability of conventional drafting practices to enhance clarity.

Understand the concept of primary and secondary liability in negotiable instruments.

Differentiate between the liabilities of makers, drawers, and indorsers in negotiable instruments.

Recognize the effects of indorsements and warranties on negotiable instruments.

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Definitions:

Ratio

A quantitative relationship between two numbers that shows how many times one value is contained within the other.

Operations Management

The administration of business practices aimed at ensuring maximum efficiency within a company, focusing on product and service development, production, and distribution.

Intangible Resources

Intangible resources are assets that do not have physical substance but hold value for a company, such as intellectual property, brand reputation, and goodwill.

Feedback

Information provided as a response to an action, process, or behavior, intended to guide future improvements or decisions.