A burglar took some blank checks during a break-in at XYZ Company. He was careful to make sure that the theft would be difficult to discover
Three months later, he wrote himself a check for $20,000 and signed the company treasurer's name on the check. After the check was cashed, the loss was discovered. Which commercial crime coverage form would cover this loss?
A) Inside the Premises—Theft of Money and Securities
B) Money Orders and Counterfeit Currency
C) Forgery or Alteration
D) Outside the Premises
Answer: C
You might also like to view...
When calculating the cost ratio for the retail inventory method,
a. if it is the conventional method, the beginning inventory is included and markdowns are deducted. b. if it is the LIFO method, the beginning inventory is excluded and markdowns are deducted. c. if it is the LIFO method, the beginning inventory is included and markdowns are not deducted. d. if it is the conventional method, the beginning inventory is excluded and markdowns are not deducted.
Which of the following is necessary for local responsiveness to effectively increase a firm's competitiveness?
A) Local managers need to be able to make decisions based on local needs. B) Corporate executives must standardize marketing and merchandising. C) Employees must be hired and trained only within a local region. D) A firm's bankers and financial managers must be locally based.