Which of the Following Statements Is TRUE

question 50

Multiple Choice

Which of the following statements is TRUE?

• A)Agendas tend to inhibit productive meetings and should be used sparingly.
• B)One person should specialize in chairing all meetings since this is a task that takes experience to do well.
• C)Every person on a team should chair an equal number of meetings.
• D)A chair's job is to keep track of the agenda and focus the meeting on it.
• E)The person chairing a meeting should also record the minutes.

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Definitions:

Contract Formed

The process of creating a legally binding agreement, requiring offer, acceptance, consideration, and mutual consent among parties.

Negotiable

Capable of being transferred or exchanged for value between parties, often referring to financial instruments like checks or bills of exchange.

Negotiable Instrument

A written, signed document that promises payment of a specified sum of money to the bearer or a named party.

Pay To The Order

A directive on a negotiable instrument, such as a check, indicating that the designated amount should be paid to the entity or person specified.