Which of the Following Provides the Least Guarantee of Payment

question 8

Multiple Choice

Which of the following provides the least guarantee of payment to the payee?

• A)Certified cheque
• B)Money order
• C)Traveller's cheque
• D)Personal cheque

---

Definitions:

Automated Bandsaw

A type of bandsaw equipped with automatic features for cutting, which can enhance precision and efficiency in manufacturing processes.

Unused Capacity

The difference between a company's actual production and its maximum possible production without additional capital investment.

Job-Order Costing

An accounting method that tracks the costs associated with creating a specific product or delivering a specific service, making it possible to calculate the profit on individual jobs.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate overhead costs to products or services based on a selected activity base.