On the First Day of a Business Class,the Professor Talked

question 60

Multiple Choice

On the first day of a business class,the professor talked about how there might be more than one way to create a business organization.This illustrates what kind of thinking?

• A) convergent thinking
• B) semantic problem solving
• C) divergent thinking
• D) operations

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Definitions:

Pay to the Order

A financial instruction found on a check, directing the bank to pay a specified amount to the individual or entity named.

Certified Check

A type of check for which the issuing bank guarantees the availability of funds by verifying the drawer's signature and setting aside the check amount from the drawer's account.

Statement of Income and Expense

A financial document that summarizes revenue and expenses over a specific period, showing net profit or loss.

Profitability

The financial metric that measures the degree to which a business or activity yields profit or financial gain.