Fiona Writes a Check "Pay to the Order of Gerri

question 1

Multiple Choice

Fiona writes a check "pay to the order of Gerri" drawn on Fiona's account at Hearthstone Bank. Gerri presents the check for payment to Hearthstone,which accepts it. Primarily liable on the check is

• A)Fiona.
• B)Gerri.
• C)Hearthstone.
• D)none of the choices.

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Definitions:

Variable Cost

Expenses that change in proportion to the activity of a business.

Mud Statues

Refers specifically to figures crafted from earth materials like clay, often in a cultural or artistic context, but remains unrelated to economic jargon.

Total Cost

The complete expense incurred in the production of goods or services, including both fixed and variable costs.

Loan

Borrowed money that is expected to be paid back with interest.