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Miller does the payroll for XYZ Company.In between the last names of Adams and Bates, he inserts the name Appleton and makes out a weekly paycheck in that name.He keeps the check for himself, signing "Appleton" and cashing it at a local bank.Auditors discovered the fake payee many months later.May XYZ require the bank to recredit?
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Negative Externality
A situation where a third party suffers costs from an economic transaction in which they are not directly involved.
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A government-granted exclusive right to an inventor, allowing them the sole right to make, use, and sell an invention for a certain period of time.
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A state in which a market or economy operates at peak efficiency, distributing resources in a way that benefits the maximum number of people.
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