A Promissory Note

question 58

Multiple Choice

A promissory note:

• A) Is a short-term investment for the maker.
• B) Is a written promise to pay a specified amount of money at a certain date.
• C) Is a liability to the payee.
• D) Is another name for an installment receivable.
• E) Cannot be used in payment of an account receivable.

---

Definitions:

Homogeneous Teams

Groups composed of members with similar backgrounds, skill sets, or demographic attributes, which can affect dynamics and outcomes.

Performance Potential

The maximum level of efficiency or productivity that an individual or group could achieve in ideal circumstances.

Lead Organizations

To guide or direct the operations, strategy, and employees of an organization toward achieving its goals.

Homogenous Group

A group composed of members with similar backgrounds, characteristics, or beliefs.