Industries Inc

question 28

Multiple Choice

Industries Inc., drew a check payable to Gloria Schell and Pippen Tallit in the sum of $20,000. For a proper negotiation, the check:

• A) needs to be indorsed only by Gloria Schell, since her name appears first.
• B) needs to be indorsed by either payee, since the indorsement of only one of the payees is necessary to negotiate the check.
• C) needs to be indorsed by both payees.
• D) needs to be indorsed by the maker.

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Definitions:

Agriculture Subsidies

Financial assistance provided by the government to farmers and agribusinesses to supplement their income and manage the supply of agricultural commodities.

Social Security

Social Security is a government program that provides financial benefits to retirees, disabled individuals, and their families.

Official Measure

An officially recognized or approved method for determining a fact or figure, often used in statistics or research.

Lorenz Curve

A graphical representation of the distribution of income or wealth within a society, demonstrating inequality.