Under the fictitious payee rule, the payee's indorsement is not treated as a forgery, and an innocent holder can hold the maker or drawer liable on the instrument

Making sure that competent persons fill positions is part of which managerial role?

a. organizer b. liaison c. staffing coordinator d. resource allocator

Evaluating the performance of a mutual fund involves which of the following activities?

I. Determining its rate of return II. Calculating its net asset value III. Examining its turnover ratio IV. Examining its administrative expenses A) I and II B) I, III, and IV C) II, III, and IV D) All four