A ________ Is a Check That Is Written on Behalf

question 11

Multiple Choice

A ________ is a check that is written on behalf of a person to a specific payee and will be charged against a financial institution's account.

• A) cashier's check
• B) money order
• C) traveler's check
• D) personal check

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Definitions:

Franchising

A method of business expansion where a company (franchisor) allows individuals (franchisees) to operate a business using its trademarks and business model.

Franchisor Fee

A payment made by a franchisee to the franchisor, typically including an upfront purchase price and ongoing royalty fees, for the right to use the franchisor's brand, products, and operational support.

Commission

A service charge assessed by a broker or investment advisor in return for providing investment advice or handling purchases and sales of securities.

Sales Value

The total revenue generated from the sale of goods or services.