Managers Who Have Power Automatically Have Authority

question 119

True/False

Managers who have power automatically have authority.

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Definitions:

Merchants

Individuals or businesses engaged in the trade of goods, services, or commodities for profit.

ATM Cards

Plastic cards issued by banks that allow customers to access their accounts and conduct transactions at automated teller machines.

Fraudulent Use

The illegal use or misrepresentation of something or someone's identity or resources for personal gain.

Bank's Responsibility

Obligations that banks have to ensure the security and confidentiality of their customers' personal and financial information, compliance with financial laws and regulations, and the prudent management of financial risks.