It Usually Takes Less Time to Buy a Six-Pack of 7-Up,a

question 102

Multiple Choice

It usually takes less time to buy a six-pack of 7-Up,a loaf of bread,and a half-gallon of ice cream at a small convenience store (such as a 7-Eleven) than at a large,full-service grocery store.Which of the following persons is most likely to buy these items at a convenience store?

• A)a person with a high opportunity cost of time
• B)a person with a low opportunity cost of time
• C)a person who is out of work
• D)a person who works at a full-service grocery store

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Definitions:

Special Indorsement

A legal endorsement on a negotiable financial instrument that specifies the person to whom the instrument is payable.

Restrictive

Pertains to conditions or rules that limit or control something, often used in legal and regulatory contexts.

Forged Indorsement

An unauthorized signature on a negotiable instrument, such as a check, with the intent to fraudulently obtain or transfer money.

Effective Indorsement

A signature on a negotiable instrument, such as a check or promissory note, that transfers the rights in that instrument to another party.