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:

Elastic

describes a condition in which the quantity demanded or supplied of a good or service is highly responsive to changes in its price.

Corporate Profits Tax

A levy imposed on the income or profit earned by corporations or analogous legal entities.

Partnerships

A legal form of business operation between two or more individuals who share management and profits.

Proprietorships

Businesses owned and operated by a single individual, with no legal distinction between the owner and the business entity.