A ________ Is a Specific Draft,drawn by the Owner of a Checking

question 80

Multiple Choice

A ________ is a specific draft,drawn by the owner of a checking account,ordering the bank to pay the payee from that drawer's account.

• A)promissory contract
• B)certificate of deposit
• C)note
• D)check
• E)time instrument

---

Definitions:

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity produced, indicating the average cost per unit.

Diminishing Marginal Returns

A principle stating that as one adds more of a variable input to a fixed input, after a certain point, the additional output generated begins to decrease.

Personal Satisfaction

Personal satisfaction is the measure of contentment or happiness that an individual derives from an activity, situation, or overall life experience.

Work Efficiently

The performance of tasks in a manner that maximizes productivity while minimizing waste of time and resources.