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Application of Cognitive Dissonance
Marjorie has always believed that the most effective way to manage people is to be caring and compassionate. She felt the workplace should be a pleasant environment where people could enjoy coming to work. That worked fine for 15 years until the recent hiring of a new vice- president. Not only does he want the work environment changed so that "people spend more time working and less time on social issues," but he has informed Marjorie she must lay off 10 employees in her department in order to cut costs.
-Since the decision to lay off 10 people is a directive over which Marjorie has little control, her dissonance level will be__________ if she were in control.
Holder in Due Course
A party who has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be raised against the prior holder.
Indorsement
The act of signing one's name on a financial document, such as a check, thereby transferring rights or title to another party.
Collection Indorsement
An endorsement on a negotiable instrument, such as a check or promissory note, that specifies the particular person to whom the payment is to be made.
Fictitious Payee Rule
A principle in commercial law that protects the drawer of a check if the check is made payable to a non-existent or not intended recipient, under certain conditions.
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