Miller Does the Payroll for XYZ Company

question 4

Multiple Choice

Miller does the payroll for XYZ Company.In between Adams and Bates, he inserts the name Appleton and makes out a weekly paycheck in that name.He keeps the check for himself, signing "Appleton" and cashing it at a local bank.Auditors discovered the fake payee many months later.May XYZ require the bank to recredit?

• A)No, because of the holder rule
• B)No, because Miller is an XYZ employee and the fictitious payee rule applies
• C)Yes, because the indorsement is forged
• D)Yes, because the check was, in effect, stolen

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Definitions:

Unrealistic Expectations

Expectations that are overly optimistic and not aligned with actual capabilities, resources, or realities, often resulting in disappointment or failure.

Traditional Recruitment

The process of filling job vacancies through conventional methods like job postings, newspaper ads, or employment agencies.

Realistic Recruitment

Realistic recruitment refers to the strategy of providing prospective employees with a true picture of what a job entails, including both its positive and negative aspects.

Socialization

The process by which individuals learn and internalize the norms, values, behaviors, and social skills necessary to function within a society or specific organization.