Managers Achieve Control Over Organizational Activities by All of the Following

question 87

Multiple Choice

Managers achieve control over organizational activities by all of the following steps EXCEPT:

• A)They establish measurable standards of performance or goals
• B)They evaluate the results and take corrective action
• C)They develop a real-time system
• D)They compare actual performance against established goals
• E)They measure actual performance

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Definitions:

Forged Indorsement

occurs when someone unlawfully signs another person's name on a financial document, such as a check, without authorization.

Revised Article 3

Amendments and updates to Article 3 of the Uniform Commercial Code (UCC), which primarily deals with negotiable instruments like checks.

Accommodation Maker

An individual or entity that signs a negotiable instrument on behalf of another party, without receiving any benefit, to ensure that the instrument is accepted or paid.

Promissory Note

A financial document in which one party promises to pay another party a specific sum of money at a specified time or on demand.