Which of the Following Statements About Promissory Notes Is Incorrect

question 97

Multiple Choice

Which of the following statements about promissory notes is incorrect?

• A) Promissory notes are discount securities.
• B) P-notes are issued by corporations in all the major international financial markets.
• C) P-notes have no acceptor, only an endorser.
• D) P-notes are usually issued as unsecured instruments.

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Definitions:

Role Ambiguity

The lack of clarity about one's job responsibilities, requirements, or expectations in the workplace, leading to confusion and stress.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature, particularly in the workplace.

Work Engagement

A positive work-related state of mind that is characterized by vigour, dedication, and absorption.

Organizational Citizenship Behaviour

Voluntary behaviors employees perform to help others and benefit the organization, beyond their formal job requirements.