Merry Draws a Check Payable to "Cash" and Presents It

question 17

Multiple Choice

Merry draws a check payable to "Cash" and presents it to National Bank for payment. This instrument is

• A) a bearer instrument.
• B) an order instrument.
• C) valid but nonnegotiable.
• D) void.

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Definitions:

Spatial Differentiation

The process of distinguishing, organizing, and managing spaces or territories based on specific criteria or functions within an organization or in geographical terms.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

Organization

An arranged group of people with a particular purpose, such as a business, government department, or charity.

Organization's Environment

Refers to both the internal and external factors that affect how an organization operates and its ability to achieve its goals.