1. Lakeland Bank certifies a check that subsequently is cashed by Pine Federal Credit Union. Pine Federal Credit Union is not liable for any damages associated with the check.
True or False
2. If a customer does not discover a forged check and report it to the bank within one year from the time of the statement containing the check, the bank is not obligated to recredit his account for the amount of the forged check.
True/False
3. Which of the following indorsements is a blank indorsement?
a. "For Deposit Only"
b. "Pay to the Order of Jack Black, Mel Gibbs"
c. "Pay to Jack Black in Trust for Mel Gibbs"
d. "Mel Gibbs"
4. Explain your understanding of the following concepts:
Strategic management
International competitiveness
Logistics
Research & Development
Outsourcing