Daisy Writes a Check to Elvita on Her Account at First

question 38

Multiple Choice

Daisy writes a check to Elvita on her account at First Savings Bank.The bank dishonors the check even though Daisy has sufficient funds in her ac?count.The bank is

• A)liable to Daisy.
• B)liable to itself.
• C)liable to the next payee on one of Daisy's checks.
• D)not liable.

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Definitions:

Advertising

The act or practice of calling public attention to one's product, service, need, etc., especially by paid announcements in various media.

Corporate Citizenship

The social responsibility of a company to its environment and community, involving efforts to contribute positively to societal goals.

Profits

The financial gain obtained when revenues generated from business activities exceed the expenses, costs, and taxes associated with sustaining the business.

Dividends

Payments made by a corporation to its shareholders from its profits.