The Current Technology Environment

question 92

Multiple Choice

The current technology environment

• A) is not as important as it was fifteen years ago.
• B) does not affect manufacturing firms.
• C) changes the way business firms communicate with customers.
• D) doesn't change as often as it did fifteen years ago.

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Definitions:

Without Recourse

A term indicating that the seller or transferor of a financial instrument is not liable to the buyer or transferee in case of default.

Discharged

Refers to the completion or termination of a legal obligation or debt.

Primary Liability

The direct responsibility to pay a debt or fulfill an obligation, without relying on another to first default.

Certified Check

A personal check for which the issuing bank guarantees payment by certifying that sufficient funds are available and set aside.