Industries Inc

question 28

Multiple Choice

Industries Inc., drew a check payable to Gloria Schell and Pippen Tallit in the sum of $20,000. For a proper negotiation, the check:

• A) needs to be indorsed only by Gloria Schell, since her name appears first.
• B) needs to be indorsed by either payee, since the indorsement of only one of the payees is necessary to negotiate the check.
• C) needs to be indorsed by both payees.
• D) needs to be indorsed by the maker.

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Definitions:

Internal Decision-making

The process within an organization to choose actions among several alternatives based on policies, procedures, or the managerial judgment.

Contribution Margin

The difference between sales revenue and variable costs, representing the portion of sales that helps cover fixed costs.

Sales

The transactions or business activities related to selling goods or services, generating revenue for the company.

Production Facilities

Physical premises where goods are manufactured or produced, often encompassing buildings, machinery, and equipment.