Many Service Businesses Use Off-Peak Pricing to Reflect Variations in

question 156

Multiple Choice

Many service businesses use off-peak pricing to reflect variations in

• A)costs of delivering service.
• B)supply for a service.
• C)profitability based on time of day or week.
• D)demand for a service.
• E)capacity.

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Definitions:

Article 3 Negotiability

The section of the Uniform Commercial Code that governs the negotiation and enforcement of negotiable instruments, such as checks or promissory notes.

Payable

Referring to money that is owed by one party to another and should be paid according to terms specified in a contract or agreement.

Definite Time

A specific and set period or moment that is clearly defined or determined.

Negotiable Instruments

Financial documents, such as checks or promissory notes, that guarantee the payment of a specific amount of money either on demand or at a set time.