________ Refers to a Written Statement Setting Forth the Principles

question 20

Multiple Choice

________ refers to a written statement setting forth the principles that guide an organization's decisions.

• A) Code of ethics
• B) Limited liability agreement
• C) Employee procedure policy
• D) Statement of sustainable development
• E) Statement of corporate opportunity

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Definitions:

Assignment

The act of transferring rights or duties under a contract to another party.

Equity Bank

A financial institution that offers banking services with a focus on equity financing, or alternatively, a bank that has equity in other companies.

Payee's Bank

The bank where the recipient of a check or electronic payment has an account, responsible for processing and clearing the payment.

Holder

An individual or entity that legally possesses a negotiable instrument, such as a check, bill of exchange, or promissory note, and has the right to receive the amount specified therein from the payer.