Menzes Is the Treasurer of ABC Corp

question 17

Multiple Choice

Menzes is the Treasurer of ABC Corp.As such,he is authorized to sign checks for the corporation.A supplier bills ABC for a legitimate obligation.Menzes makes out a check to the supplier and signs it "ABC Corp. ,by Menzes,Treasurer." Who is liable on this check?

• A)ABC only
• B)Menzes only
• C)ABC and Menzes
• D)Neither ABC nor Menzes

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Definitions:

Economic Theories

The body of knowledge concerning the production, consumption, and transfer of wealth, formulated as models and principles that aim to explain economic behaviors and predict outcomes.

Power Distribution

The way in which authority, influence, and resources are allocated and exercised within an organization or society.

Geert Hofstede

A Dutch social psychologist known for his research on cross-cultural groups and organizations, especially for developing the cultural dimensions theory, which identifies how cultures differ across countries.

Cultural Dimensions

Theoretical concepts developed to describe the effects of a society's culture on the values of its members, and how these values relate to behavior.