When a Bank Pays the Holder of a Properly Drawn

question 79

Multiple Choice

When a bank pays the holder of a properly drawn check, it is said to have ________ the check.

• A) certified
• B) indorsed
• C) honored
• D) collected

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Definitions:

TPS

Toyota Production System, a manufacturing methodology focused on reducing waste and improving efficiency and quality.

Lean Systems

Lean systems are management philosophies that focus on minimizing waste within manufacturing systems while simultaneously maximizing productivity.

Competitive Advantage

The attributes that allow an organization to outperform its competitors, including cost structure, product offerings, brand, and customer service.

Overall Returns

The total financial gain or loss generated from an investment or portfolio of investments over a specific period, considering both capital gains and income received.