Dru Signs a Check "Pay to the Order of Eppie

question 44

Multiple Choice

Dru signs a check "pay to the order of Eppie" drawn on Dru's account in First Federal Bank. Greta forges Eppie's indorsement. First Federal pays the check. Most likely

• A) Dru will be liable for the amount.
• B) Eppie will have to pay Dru for the amount.
• C) First Federal will have to recredit Dru's account.
• D) the Federal Reserve will reimburse all parties for their costs.

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Definitions:

Managerial Functions

Core responsibilities of managers within an organization, including planning, organizing, leading, and controlling.

Alternative Courses

involve different strategies or avenues a business or individual might consider when making decisions to achieve specific goals.

Good Judgment

The ability to make considered decisions or come to sensible conclusions.

Income Statements

A financial statement that shows a company's revenues and expenses over a specific period, leading to the net income or loss.