A Promise or Order Is Unconditional Unless It States That

question 34

Multiple Choice

A promise or order is unconditional unless it states that:

• A) there is an express condition to payment.
• B) the promise or order is subject to or governed by another writing.
• C) rights or obligations concerning the order or promise are stated in another writing.
• D) All of these.

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Definitions:

JIT

Just-In-Time, an inventory management strategy that aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Competitive Advantage

The attribute or set of attributes that allows an organization to outperform its competitors by offering greater value to customers, either through lower prices or by providing more benefits and services.

Inventory

the stock of any item or resource used in an organization, encompassing raw materials, finished goods, and work in progress.