TrebleTip Corp

question 40

Multiple Choice

TrebleTip Corp., a producer of musical instruments, decides to start manufacturing personal computers that are compatible with its amplifiers and effects processors. This change by TrebleTip is a(n) _____.

• A) shallow change
• B) incremental change
• C) first-order change
• D) second-order change

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Definitions:

Cashed

Processed or exchanged for its value in money, typically referring to a check being turned into cash.

Restrictive Endorsement

A limitation placed on a check specifying the conditions under which it can be endorsed.

Special Endorsement

A banking term referring to a notation on a check or other negotiable instrument that specifies the conditions under which it can be redeemed or transferred.

Qualified Endorsement

A legal notation on a negotiable instrument, such as a check, restricting the conditions under which it can be further negotiated.