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MrSnyder Has Had to Change the Strategic Focus of the Company

question 61

Multiple Choice

Mr.Snyder has had to change the strategic focus of the company three times.The change in strategic focus of the New Ideas, Inc., is a(n) ________.


Definitions:

Value

Under the Code (except for negotiable instruments and bank collections), generally any consideration sufficient to support a simple contract.

Qualified Indorsement

An endorsement on a negotiable instrument that limits the liability of the endorser or specifies particular conditions for the endorsement's validity.

Liability

A legal responsibility or obligation, often involving financial compensation, that arises from actions or agreements.

Payable to Cash

A term indicating that a check or draft is to be paid to the bearer or holder, making it easily transferable.

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