COGNITIVE ASSESSMENT What Does the G in GPS Stand For

question 166

Multiple Choice

COGNITIVE ASSESSMENT What does the G in GPS stand for?

• A) general
• B) geographical
• C) graphic
• D) global

---

Definitions:

Payable

Refers to an amount of money that is owed by a person or company to a creditor, typically categorized in financial statements as current liabilities.

Possesses

The act of having physical control or ownership of something, indicating a legal relationship between a person and the object being possessed.

Negotiability

The characteristic of a financial instrument that allows it to be transferred or assigned from one party to another, ensuring the receiving party obtains a good title.

Negotiable Instrument

A written order or unconditional promise to pay a fixed sum of money that is transferable from one party to another.