Examining the Interests of Stakeholders Is Probably Required for

question 9

Multiple Choice

Examining the interests of stakeholders is probably required for

• A) high short-term profits.
• B) optimal medium and longer-term profits.
• C) continuing support from stakeholder groups.
• D) effective risk management.
• E) All of these are correct.

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Definitions:

Certified Check

is a check for which the issuing bank guarantees availability of funds by verifying the account's balance and then setting aside the check amount.

Cashier's Check

A check issued by a bank, drawn on its own funds rather than that of a personal account, and signed by a cashier.

Drawer's Liability

Refers to the obligation of the drawer (the person who writes a cheque or draft) to ensure the availability of funds in the account for the amount specified for payment to the payee.

Misrepresentation Claim

A legal assertion that one party has made false statements that another party relied on to their detriment.