Customers Who Have the Ability to Approve the Purchase Others

question 100

Multiple Choice

Customers who have the ability to approve the purchase others make are called which of the following?

• A)recommenders
• B)economic buyers
• C)decision makers
• D)end users

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Definitions:

Proper Presentment

The formal process of presenting a document, such as a check or draft, to the appropriate party for payment or acceptance.

Certify A Check

Is the process by which a bank confirms that there are sufficient funds in the check writer's account to cover the amount written on the check, and so guarantees its payment.

Dishonor

The refusal or failure to accept or pay a bill of exchange, promissory note, or other negotiable instrument when due.

Primary Liability

The direct responsibility to pay or compensate for a loss or damage, without the necessity to seek contribution from others.