If You Arrange the Following 15 Bits (111001111100111) into 5

question 55

Multiple Choice

If you arrange the following 15 bits (111001111100111) into 5 rows of 3 bits starting with the first bit, what number does it spell out?

• A) 2
• B) 3
• C) 5
• D) 1

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Definitions:

Centralization

The concentration of decision-making authority at upper levels of an organizational hierarchy.

Demand Instrument

A financial document or security that requires payment of the specified amount on demand by the holder, without specifying a particular time for repayment.

Bearer Instrument

A negotiable financial instrument that is not registered in anyone's name and can be transferred from one person to another by possession.

Two-party Instrument

A financial document or contract that involves two parties directly, typically involving a payer and a payee.