A Commercial Paper, Which Is Made Payable Only to a Named

question 16

Multiple Choice

A commercial paper, which is made payable only to a named person, is called _____.

• A) draft paper
• B) bearer paper
• C) order paper
• D) holder paper

---

Definitions:

Organization

An entity comprising multiple people, such as a corporation or partnership, formed for a collective goal.

Goal Setting

Goal setting involves defining specific, measurable objectives that a person or organization aims to achieve within a time frame.

Nonmonetary Information

Qualitative or information that cannot be easily quantified or expressed in monetary terms.

Financial Accounting

The field of accounting that focuses on the summary, analysis, and reporting of financial transactions related to a business.