Genetech Inc

question 46

Multiple Choice

Genetech Inc.has produced a new generation video game console.The new product can still be used to run the same games as the previous generation of the video game console.In this context,Genetech is typically applying:

• A) backward integration.
• B) backward compatibility.
• C) backward linkage.
• D) backward traceability.

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Definitions:

Special Endorsement

A signature or statement on a financial instrument, such as a check, specifying the conditions under which the instrument can be transferred or paid out.

Blank Endorsement

An endorsement on a financial instrument, such as a check, with only the signature of the endorser, making it payable to anyone holding the instrument.

Payee's Signature

The signature of the person entitled to receive payment on a check or document, signifying approval or receipt of money.

Communicating Income

The process of sharing or reporting financial earnings, typically involving individuals, businesses, or other organizations.