The Entity That Signs the Promissory Note and Promises to Pay

question 95

Multiple Choice

The entity that signs the promissory note and promises to pay the required amount is the ________.

• A) maker of the note
• B) banker of the note
• C) holder of the note
• D) payee of the note

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Definitions:

GRI

The Global Reporting Initiative, a leading organization that provides a comprehensive sustainability reporting framework used worldwide.

Triple Bottom Line

An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.

Environmental

Pertains to the natural world or the ecological and physical conditions in which an organization operates.

Economic

Relating to the production, distribution, and consumption of goods and services, and the study of how societies manage scarce resources.