When a Bank Pays the Holder of a Properly Drawn

question 79

Multiple Choice

When a bank pays the holder of a properly drawn check, it is said to have ________ the check.

• A) certified
• B) indorsed
• C) honored
• D) collected

Understand the concept of power in organizational relationships and its ethical implications.

Learn about the influence of group norms and informal channels on ethical behaviors and organizational culture.

Understand the concepts of intrinsic and extrinsic motivation and their roles in behavior.

Differentiate between various theories related to motivation and emotion.

---

Definitions:

Market Equilibrium

A condition or state in which market supply equals market demand, meaning that prices are stable and the quantity of goods supplied exactly matches the quantity demanded.

Producing

The action of making or manufacturing from components or raw materials.

Producer Surplus

The discrepancy between the price at which producers are ready to offer a good and the actual amount they get for it.