The Economic Environment

question 43

Multiple Choice

The economic environment

• A) of an individual country has little effect on other countries.
• B) refers to the application of science to convert resources to output.
• C) includes changes in interest rates and inflation.
• D) has little impact on an organization's marketing strategy.
• E) does not change rapidly.

Understand the actions required by the holder to enforce payment on a negotiable instrument.

Recognize the circumstances under which warranty liability arises in the transfer of a negotiable instrument.

Acknowledge the effects of unauthorized indorsement and the allocation of loss.

Understand the rights and defenses available against claims on negotiable instruments.