Vicenzo, in Good Faith and for Value, Gets from Wren

question 29

Multiple Choice

Vicenzo, in good faith and for value, gets from Wren a check "payable to the order of bearer." Vicenzo does not know, or have reason to know that Wren stole the check. Vicenzo is

• A)an HDC.
• B)not an HDC, because Wren did not acquire the check for value.
• C)not an HDC, because Wren did not acquire the check in good faith.
• D)not an HDC, because the check is a bearer instrument.

---

Definitions:

Unit Product Cost

The total cost to produce one unit of a product, including direct materials, direct labor, and overhead.

Make or Buy

Decision-making process used by firms to choose between manufacturing a product in-house or purchasing it from an external supplier.

Relevant Decision

A decision-making process that involves choosing among various options based on their potential impact on key business outcomes.

Idle Capacity

The unused portion of a company's production or service capacity, where resources are available but not being fully utilized.