In Which of the Following Cases Will a Business Continually

question 14

Multiple Choice

In which of the following cases will a business continually be in crisis,dealing with one process emergency after another?

• A) when the organization plans to develop the business process
• B) when an organization actively seeks to change business processes
• C) when the organization lets the need for change just happen to them
• D) when the organization plans to modify its business process

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Definitions:

Holder in Due Course

A legal term referring to a party that has acquired a negotiable instrument, like a check, in good faith and has the right to collect the face value of the instrument without any defenses.

Bankruptcy

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.

Real Defense

In negotiable-instruments law, any defense that can be used against everyone, including holders in due course. Also called absolute defense and universal defense.

Duress

An action by one party that forces another party to do what need not be done otherwise.