The Endorsement on the Back of a Check

question 42

Multiple Choice

The endorsement on the back of a check

• A)transfers title to the money.
• B)authorizes payment of the check.
• C)both a and
• D)none of the above.

---

Definitions:

Wage Rate

The standard amount of pay given for work performed, typically expressed per hour, day, or unit of work.

Labor Income

The compensation received by individuals for their work efforts, often in the form of wages, salaries, or other earnings.

Lump Sum Payment

A large single payment made at a particular time, especially in the context of paying off a loan or settling a deal.

Leisure

Free time available to an individual after all work or economic activities have been completed, often used for rest, recreation, or other personal activities.