Compare and Contrast the Three Types of Technology Configuration

question 72

Essay

Compare and contrast the three types of technology configuration. Give examples of each.

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Definitions:

Negotiable

Refers to a document or contract containing a promise to pay a specified amount, which can be transferred or sold to another party.

Instrument

A legal document formally expressing a certain action, decision, or obligation.

Drawer

The party in a transaction who writes and signs a check or draft instructing a drawee, such as a bank, to pay a specified sum of money to the payee.

Drawee

The person or entity upon whom a check, draft, or bill of exchange is drawn and who is expected to pay it.