The Branch Manager of a Local Bank of Montreal Branch

question 74

Multiple Choice

The branch manager of a local Bank of Montreal branch is interested in knowing how his perceive his bank on certain dimensions such as friendliness of employees, convenience of locations, availability of loans, and interest rates. The branch manager needs:

• A) exploratory research.
• B) descriptive research.
• C) causal research.
• D) an experiment.
• E) basic bank research.

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Definitions:

Bearer Instrument

A negotiable financial instrument that entails possession of the document itself confers ownership and thus, the entitlement to payment.

Special Indorsement

A type of endorsement on a negotiable instrument that specifies the person to whom, or to whose order, the instrument is payable.

Indorsement

The act of signing the back of a financial instrument, thereby transferring ownership or validating the document.

Negotiated

Pertains to the process of discussing and reaching an agreement on the terms of a contract, settlement, or understanding between parties.