Fact Pattern 19-1 ​Erin Draws a Check Payable to "Foodland" to Buy Groceries

question 67

Multiple Choice

Fact Pattern 19-1
​Erin draws a check payable to "Foodland" to buy groceries.
-Refer to Fact Pattern 19-1. With respect to Erin’s check, Foodland is

• A)the drawee.
• B)the indorser.
• C)the maker.
• D)the payee.

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Definitions:

Bases of Power

The sources of power individuals or groups possess in a social or organizational structure, such as coercive, reward, legitimate, expert, and referent power.

Reward Power

The ability to influence others through the promise of rewards or benefits, often used in a leadership or management context.

Procedural Power

The influence or authority derived from an individual's ability to control the process, methods, or order in which decisions are made or tasks are executed.

Formal Leadership

Leadership that is based on an official position or authority within an organization or structure.