________ Lines Are Most Useful When an Organization Has Large

question 5

Multiple Choice

________ lines are most useful when an organization has large amounts of traffic between two sites.

• A) Twisted pair
• B) optic fibre
• C) Private
• D) Leased
• E) WAN

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Definitions:

Collection Indorsement

An endorsement on a negotiable instrument, such as a check or promissory note, that specifies the particular person to whom the payment is to be made.

Fictitious Payee Rule

A principle in commercial law that protects the drawer of a check if the check is made payable to a non-existent or not intended recipient, under certain conditions.

Bookkeeper

A person responsible for recording the financial transactions and maintaining the financial records of a business.

Negotiable Instruments

Written documents that guarantee the payment of a specific amount of money to the bearer or to a specific person, under certain conditions.