Doug Writes a Check for $200 Payable to Edwina on His

question 27

Multiple Choice

Doug writes a check for $200 payable to Edwina on his account at Friendly Federal Credit Union.The credit union is

• A)a drawee.
• B)a drawer.
• C)a indorser.
• D)a payee.

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Definitions:

Differentiation

The process of making a product or service stand out as unique or different from others in the market, often by focusing on unique qualities or features.

Structural Elaboration

The process of adding complexity and detail to an organization's structure to support its goals and activities.

Departmentalisation

Departmentalisation refers to the process of dividing an organization into distinct departments, allowing specialization according to function, product, market, or geographical location.

Effective Delegation

The process of assigning responsibility and authority to someone else to complete a task, while the delegator maintains ultimate responsibility for its success.