Which of the Following Is True in Case of Forgery

question 27

Multiple Choice

Which of the following is true in case of forgery?

• A) Forgery does not include anything done by typing or word-processing.
• B) If a person signs his own check for $100 cash, knowing that there is only $50 in the account, and manages to cash it, the check is a forgery.
• C) The "forged instrument" must in some way be false, as in (for example) a false signature, a backdating of an existing instrument, or falsely modifying a corporate name.
• D) Forgery can be committed only by forging signatures.
• E) Alteration of an already existing document does not constitute forgery.

Recognize the importance of accurate and realistic budget preparation, including the ethical considerations involved.

Explain the concept of participative budgeting and its potential benefits and drawbacks.

Distinguish between budgeting and long-range planning and their respective roles in organizational goal achievement.

Understand the fundamentals of preparing and managing cash flow forecasts and their significance to the overall budgeting process.

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Definitions:

Spot Exchange Rate

The current market price for exchanging one currency for another for immediate delivery.

Forward Exchange Rate

An agreed exchange rate for a currency to be exchanged at a future date, used in hedging and trading strategies.

Inflation Rates

The rate at which the cost of general goods and services inflates, consequently eroding the power to buy.

Relative Purchasing Power Parity

An economic theory that states the rates of change in price levels between two countries should equal the rate of change in the exchange rate between their currencies.