Which of the Following Instruments Satisfies the Requirements of Negotiability

question 41

Multiple Choice

Which of the following instruments satisfies the requirements of negotiability?

• A) An instrument that states, "payment is to be made at some future time after above date."
• B) An instrument that states, "payment is to be made 10 days after delivery of the goods" but fails to indicate when delivery is to be made.
• C) An instrument that states, "this contract was created for the purpose of being transferred."
• D) An instrument that states, "an extension for payment is allowable" but fails to state a fixed time for payment.
• E) An instrument that states, "payment shall be in the form of stock."

Learn to calculate net requirements for components based on inventory levels and product demand.

Identify the significance of accurately determining time-phased schedules in MRP.

Understand the importance of record accuracy in successful Material Requirements Planning (MRP) implementations.

Gain insights into lot-for-lot ordering and its implications for material requirements.

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation and entitles shareholders to vote on corporate matters and receive dividends.

Net Increase

The amount by which a company's financial or operational metric grows within a specific period.

Decrease in Inventory

A reduction in the amount of goods available for sale, either due to sales activities or other factors such as spoilage or theft.

Operating Equipment

Assets used in the day-to-day operations of a business, such as machinery and office equipment.