Which of the following actions by a holder constitutes the complete cancellation of a negotiable instrument?
A) intentionally destroying the negotiable instrument to eliminate obligation
B) deliberately striking out the signature of an indorser
C) releasing an obligor from liability
D) surrendering collateral without the consent of the parties who would benefit from it
A
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Which of the following is a logistics activity that involves developing and implementing a process to ensure the firm always has sufficient goods available to meet customers' demands--no more and no less?
A) materials handling B) inventory control C) supply chain supervision D) order processing E) distribution implementation
Materials and supplies that cannot be traced conveniently to specific products are called
A) indirect materials. B) raw materials. C) waste materials. D) direct materials.