The Following Hierarchy Applies When a Check Contains Ambiguous Terms

question 27

Multiple Choice

The following hierarchy applies when a check contains ambiguous terms.

• A)Printed terms prevail over typewritten terms.
• B)Handwritten terms prevail over printed and typewritten terms.
• C)Where words and number conflict,the numbers control the words.
• D)Where words and numbers conflict,only printed words control the numbers.

---

Definitions:

Profit-Maximizing Price

The price level at which a business can achieve the highest profit, considering its cost of production and the demand for its product.

Payoff Matrix

A table that shows the possible outcomes of different strategies in a game or decision-making situation, often used in game theory.

Compete

The act or process of trying to win or do better than others in an activity, market, or situation.

Cooperate

To work together towards a common goal or purpose, often seen in various social, political, and economic contexts.