The Difference Between a General Authorization and a Specific Authorization

question 107

True/False

The difference between a general authorization and a specific authorization is that with a general authorization, a transaction is allowed if it falls within specified parameters, whereas with a specific authorization, explicit authorization is needed for that singe transaction to be completed.

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Definitions:

Temporary Assistance

Short-term financial or material support provided to individuals or families in need, often by the government or charitable organizations.

Needy Families

Refers to households lacking sufficient income or resources to meet basic living expenses, such as food, clothing, and shelter.

Welfare Benefits

Financial assistance provided by government agencies to individuals or families in need, aimed at ensuring a minimum standard of living.

Income Inequality

Income inequality refers to the extent to which income is distributed unevenly among a population.