An Endorsement Where the Name of the Payee Is Written

question 14

Multiple Choice

An endorsement where the name of the payee is written by the payee on the back of a negotiable instrument is a:

• A) blank endorsement.
• B) special endorsement.
• C) restrictive endorsement.
• D) qualified endorsement.

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Definitions:

Effectiveness

The degree to which objectives are achieved and the extent to which targeted problems are solved.

Profitability

A measure of the efficiency and financial success of a business, indicated by the ratio of profits generated to the resources used.

Satisfaction

The feeling of pleasure or fulfillment that comes from meeting one's expectations, desires, or needs.

Implementation

The process of putting a decision or plan into effect; execution.