Anyone Who Presents a Check for Payment Warrants All EXCEPT

question 35

Multiple Choice

Anyone who presents a check for payment warrants all EXCEPT:

• A) he or she is a holder.
• B) he or she has no reason to believe the drawer is insolvent.
• C) he or she has no reason to believe the drawer's signature is forged.
• D) the check has not been altered.

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Definitions:

Safety Stock

Extra inventory held by a business to protect against stockouts due to variability in demand or supply chain disruptions.

Fill Rate

A performance metric that measures the percentage of customer demand that is met without backorders or stockouts.

Replenishment Cycle

The process or time it takes to replenish inventory in a supply chain, from ordering to receiving goods.

Expected Shortage

The anticipated deficiency in quantity or supply of a product or resource relative to the expected demand for that product or resource.