Vicki, a Bookkeeper for Emilio Enterprises, Steals Some of the Checks

question 67

Multiple Choice

Vicki, a bookkeeper for Emilio Enterprises, steals some of the checks she is supposed to post to her employer's account. She forges her employer's indorsement. The indorsement is:

• A) effective as the employer's indorsement because Vicki's duties included processing the checks.
• B) effective as the employer's indorsement because of the shelter rule.
• C) not effective as the employer's indorsement since Vicki was an impostor.
• D) not effective as the employer's indorsement because an unauthorized signature necessary to negotiation is inoperative.

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Definitions:

Top Managers

Senior executives responsible for the overall direction and management of an organization, making strategic decisions and setting policies.

First-line Managers

Managers at the lowest level of an organization's hierarchy, directly supervising staff and overseeing day-to-day operations.

Productivity Efficiency

A metric that measures how effectively resources, such as labor and materials, are being used to produce goods and services.

Effective

Effective describes the degree to which something achieves its intended outcome, result, or success.