Oren Signs an Instrument Payable to the Order of Pay-Out

question 8

Multiple Choice

Oren signs an instrument payable to the order of Pay-Out Loans Inc. "on or before" June 15. This instrument is

• A)negotiable.
• B)nonnegotiable, because the maker can move up the payment date.
• C)nonnegotiable, because moving up the payment date is optional.
• D)nonnegotiable, because the exact payment date cannot be determined from the face of the instrument.

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Definitions:

Strategic Management Approach

An organizational management activity focused on setting priorities, concentrating resources, and ensuring operations are aligned with long-term objectives and the external environment.

Market Synergy

The combined effect that exceeds the sum of individual effects, achieved when companies or products integrate, leading to enhanced market presence or competitiveness.

Technological

Relating to or involving technology, especially in regard to its development, implementation, and impact on society.

Informed Judgment Forecasts

Predictions about future events, trends, or behaviors made by experts using their knowledge and experience.