Laura Gets a Statement and a Pile of Paid Checks

question 21

Essay

Laura gets a statement and a pile of paid checks from her bank on June 1.Within the pile of checks,is one check with a forged drawer's signature.Laura does not notify the bank about the forged check until the next month,July 1.Does this delay remove the bank's obligation to recredit Laura's account?

Understand and analyze the tools for internalizing positive and negative technology spillovers.

Interpret graphical representations of markets with externalities to identify equilibrium and socially optimal outcomes.

Analyze the role of government intervention in correcting market failures due to externalities through taxes and subsidies.

Differentiate between private and social costs, and private and social values.

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Definitions:

Job Design

The process of organizing tasks, duties, and responsibilities into a productive unit of work to enhance job satisfaction and performance.

Job Enlargement

a job design method that increases the number of tasks for a worker to reduce the monotony of work.

Challenging

Invoking a test of one's abilities or resources in a demanding but stimulating manner.

Psychological Empowerment

The extent to which employees feel a sense of personal fulfillment and intent when carrying out tasks, together with a belief that their work contributes to some larger purpose.