Patrick Bought a Widget from Ishani

question 57

Multiple Choice

Patrick bought a widget from Ishani.The purchase price was $25 000.He paid by giving her a cheque for that amount that was drawn on his account at the Bank of Fundy.The cheque was made payable to Ishani.By coincidence,Ishani owes $25 000 to XYZ Inc.Which of the following statements is TRUE?

• A)If Ishani negotiated the cheque to XYZ Inc,that company would be entitled to turn the cheque into a bearer instrument.
• B)If Ishani negotiated the cheque to XYZ Inc,that company could not ask the Bank of Fundy to certify the cheque.
• C)If Ishani wanted to negotiate the cheque to XYZ Inc,she would have to first have the cheque certified by the Bank of Fundy.
• D)If Ishani negotiated the cheque to XYZ Inc,that company could receive payment from the Bank of Fundy only if it first provided consideration to Patrick.
• E)Ishani can discharge her debt to XYZ Inc by simply delivering the cheque to the company.

Analyze the importance of concentrating resources on areas that require the most change for improvement.

Appreciate the importance of leaders being adaptive and responsive to emerging information or evidence.

Understand the basic elements of the communication process.

Identify and describe the components of the promotional mix.

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Definitions:

Projection Forecast Method

A technique used to predict future trends based on historical data and analysis.

Delphi Technique

A forecasting method involving a panel of experts who anonymously answer questionnaires in multiple rounds, with the responses used to refine the next round of questions.

HR Demand

The projected need for human resources in an organization, based on future business activities and strategies.

Human Resource Forecasting

The process of estimating the future human resource needs of an organization, including the number and types of employees required.