Jon Writes a Check to LocoMotion,Inc

question 63

Multiple Choice

Jon writes a check to LocoMotion,Inc.,as payment for a golf cart but soon discov-ers the cart is broken.He goes to Fairway Bank,the drawee,and orally author-izes Lolly,a bank officer,to stop payment on the check.This order is valid for

• A)fourteen days.
• B)fourteen months.
• C)fourteen attempts to cash it.
• D)fourteen subsequent "on-us" items.

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Definitions:

Managerial Advice

Guidance or recommendations provided by someone in a supervisory role, intended to improve an individual's or team's performance and decision-making.

Span of Control

The number of subordinates that a manager or supervisor can directly control or oversee effectively.

Management Theorists

Scholars and practitioners who develop theories on how organizations can effectively be managed and operated.