Which of the Following Statements Describes a Check

question 32

Multiple Choice

Which of the following statements describes a check?

• A) The drawer is always a bank.
• B) The maker is always a bank.
• C) A check is generally payable on demand.
• D) A check is a particular kind of note.

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Definitions:

Master Budget

An all-encompassing financial planning document that includes detailed budgets for all aspects of a company's operations over a specific period.

Manager's Performance

The effectiveness and efficiency with which a manager reaches goals and meets objectives within an organization.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate budgeting and forecasting.

Master Budget

Comprehensive financial planning document that includes all of a company's financial plans, including sales, production, purchasing, and financial budgets.