Which of the Following Is Appropriate to Ask on an Application

question 106

Multiple Choice

Which of the following is appropriate to ask on an application form?

• A) whether the applicant has prior arrests
• B) whether the applicant is eligible to be bonded
• C) whether the applicant has ever been in jail
• D) whether the applicant has ever been caught stealing

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Definitions:

Cheque Clearing

The process by which banks settle transactions made by cheques, transferring funds from the issuer's account to the payee's account.

Total Collection Time

The total time taken from issuing an invoice to the receipt of payment from customers.

Customer Cheques

Checks issued by customers as a method of payment for goods or services received.

Monthly Statements

Regular summaries provided to customers, detailing account activity, balances, and other financial information on a monthly basis.