Which of the Following Is True of a Bearer Paper

question 78

Multiple Choice

Which of the following is true of a bearer paper?

• A) both indorsement and delivery are required for it to be negotiable
• B) only indorsement is necessary for it to be negotiable
• C) only delivery is necessary for it to be negotiable
• D) a payee must be specified in the paper

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Definitions:

Measurement

Measurement is the process or the result of quantifying the characteristics of phenomena or objects, assigning numbers or symbols according to rules.

Ordinal Scale

A scale of measurement where the attributes being measured are ordered in terms of magnitude or importance, but the intervals between attributes are not necessarily uniform or known.

Rating Scale

A set of categories designed to elicit information about a quantitative or qualitative attribute.

Service

The action of helping or doing work for someone, often refers to intangible goods offered by businesses.