An Order of Magnitude Estimate Is Usually More Accurate Than

question 67

True/False

An order of magnitude estimate is usually more accurate than a ballpark estimate.

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Definitions:

Reasonable Identification

Identification that is deemed sufficient by law or regulation to reliably establish an individual’s identity.

Notification of Dishonor

A formal notice given to the parties involved in a negotiable instrument (like a check or promissory note) indicating that payment has failed or been refused.

Drawer Secondarily Liable

The obligation of the drawer of a negotiable instrument, such as a check, to pay if the primary party fails to do so.

Fraudulent Alteration

Altering a document without permission with the goal of misleading or committing fraud.