There Are Three Parties to a Check

question 144

Multiple Choice

There are three parties to a check.The person or company to whom the check is paid is the:

• A)maker.
• B)payee.
• C)draftee.
• D)promissee.

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Definitions:

Favourable Variances

Differences between actual and budgeted performance that result in better than expected financial outcomes.

Raw Material

The basic materials from which products are manufactured or made.

Desired Outcome

The specific result or objective that an individual or organization aims to achieve through a set of actions or strategies.

Participate

To take part or become involved in an activity or event.