Under the most modern revision to Article 3,a depositary bank cannot become a holder of a check that is deposited by a customer without an indorsement.

Arguments that corporations should engage in socially responsible behaviour include all of the following except

A) social responsibility decreases the need for restrictive government regulation.
B) businesses have the resources and obligation to act in socially responsible ways.
C) socially responsible behaviour improves the public image of business.
D) pursuing socially responsible goals may dilute the purpose of the business.
E) long-run profits for the business may improve or even be dependent on its degree of social responsibility.

In which of the following ways does outlining before communicating a complex message benefit the sender?

A) It permits concentration on one phase at a time.
B) It reinforces a "me attitude."
C) It ensures that unimportant points are also given emphasis.
D) It facilitates prolonging the duration of communication.

Companies may choose to repurchase stock rather than pay dividends, because the repurchase has significant tax advantages for shareholders. But frequent repurchases are likely to be challenged by the IRS.

The most common type of hiring or placement interview is the panel interview.

Given the following data for Glennon Company compute (A) total manufacturing costs and (B) costs of goods manufactured: $\begin{array}{lrlr}\text{ Direct materials used }& \$270,000& \text{ Beginning work in process }& \$40,000\\ \text{ Direct labor }& 200,000& \text{ Ending work in process }& 20,000\\ \text{ Manufacturing overhead }& 250,000& \text{ Beginning finished goods }& 50,000\\ \text{ Operating expenses }& 350,000& \text{ Ending finished goods }& 30,000\end{array}$


$\begin{array}{llrcccccc}& & & \underline{\text{A}}& & & & & \underline{\text{B}}\end{array}$
A) $\begin{array}{lll}& \$700,000& \$740,000\end{array}$
B) $\begin{array}{lll}& \$720,000& \$700,000\end{array}$
C) $\begin{array}{lll}& \$720,000& \$740,000\end{array}$
D) $\begin{array}{lll}& \$740,000& \$760,000\end{array}$