Question
Business \( \square \) are used by businesses to indicate the nature of the underlying business activity and include promissory notes, electron stock certificates, checks, invoices, etc. (Enter one word per blank.)
Ask by Washington Park. in the United States
Jan 25,2025
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Answer
Business instruments are used by businesses to indicate the nature of the underlying business activity and include promissory notes, electronic stock certificates, checks, invoices, etc.
Solution
The correct word to fill in the blank is **instruments**.
**Complete Sentence:**
Business **instruments** are used by businesses to indicate the nature of the underlying business activity and include promissory notes, electronic stock certificates, checks, invoices, etc.
**Explanation:**
The term "instruments" refers to various types of legal and financial documents that businesses use to conduct and record transactions. Examples include:
- **Promissory Notes:** Written promises to pay a specified amount to a certain individual or entity.
- **Stock Certificates:** Documents that represent ownership in a corporation.
- **Checks:** Written orders directing a bank to pay money from the writer's account.
- **Invoices:** Bills issued by a seller to a buyer indicating items sold and amounts due.
All these fall under the category of business instruments because they are essential tools for managing financial and legal aspects of business operations.
Reviewed and approved by the UpStudy tutoring team
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Beyond the Answer
Business documents are used by businesses to indicate the nature of the underlying business activity and include promissory notes, electronic stock certificates, checks, invoices, etc. Understanding business documents is crucial for efficient operations. They serve as formal records that can be used for tax purposes, legal evidence in disputes, and financial analysis. Proper management and organization of these documents can considerably streamline business practices and enhance communication.