Which of the Following Is Correct Regarding the Manager's Statement

question 1

Multiple Choice

Which of the following is correct regarding the manager's statement that stop-payment orders may not be oral?

• A) The manager is incorrect because under the UCC, a stop-payment order may be given orally.
• B) It depends on the amount of the check because oral stop-payment orders may only be given for checks in an amount over $500.
• C) It depends on the amount of the check because oral stop-payment orders may only be given for checks in an amount under $500.
• D) It depends on the amount of the check because oral stop-payment orders may only be given for checks in an amount under $1,000.
• E) The manager is correct.

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Definitions:

Critical Inputs

Essential resources or components required for a production process or operational function.

Unsubstitutable

Describes a good or service that cannot be replaced or substituted by another due to its unique characteristics or the specific needs it meets.

Supplier Power

The influence a supplier has over the price and availability of its products, affecting the market competitiveness.

Less Concentrated

Refers to an industry or market where power and resources are spread out among many competitors, reducing the level of competition.