A Virtual World Is

question 77

Multiple Choice

A virtual world is

• A) a user-defined world in which people can interact, play, and do business.
• B) a single point of access, through a Web browser, to critical business information located inside and outside (via Internet) an organization.
• C) a social network whose major interest is business topics.
• D) a combination of two or more websites into a single website that provides the content of both sites to deliver a novel product to consumers.

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Definitions:

Without Recourse

A term indicating that the seller of a financial instrument assumes no liability if the instrument fails to perform.

Qualified Endorsement

An endorsement on a negotiable instrument that includes conditions limiting the liability of the endorser.

Special

Distinguished by a unique or particular quality, different from the norm.

Trust Endorsement

An endorsement that is used when the instrument is being transferred to an agent or trustee for the benefit of either the endorser or a third party; gives the endorser the rights of a holder.