Match the Terms with the Definitions

question 120

Multiple Choice

Match the terms with the definitions.
-In some checkbooks,a document attached to a check that contains space for relevant information about the check.

• A)restrictive endorsement
• B)bank reconciliation
• C)bank statement
• D)blank endorsement
• E)canceled checks
• F)petty cash fund
• G)payee
• H)check
• I)check stub
• J)petty cash payments record
• K)NSF checks
• L)deposit ticket
• M)deposits in transit
• N)drawee
• O)drawer
• P)electronic funds transfer
• Q)endorsement
• R)magnetic ink character recognition code

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Definitions:

Commercial Use

The use of products, services, or information for business purposes or financial gain, as opposed to personal or educational use.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a resource, such as labor or capital, holding all other input factors constant, crucial in determining how many resources a firm should hire or use.

Productivity

A measure of the efficiency of production, usually calculated as the ratio of output produced to inputs used.

Marginal Revenue Product

is the additional revenue generated by employing one more unit of input, such as labor or capital, in the production process.