A Major Reason for Overdrafts Is the Inability of a Check

question 108

True/False

A major reason for overdrafts is the inability of a check writer to keep an accurate check ledger.

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Definitions:

Proprietorship

A business firm owned by an individual who possesses the ownership right to the firm’s profits and is personally liable for the firm’s debts.

Operational Efficiency

The capability of an organization to deliver products or services in a cost-effective manner while ensuring high quality.

Public Interest

The welfare or well-being of the general public and society as a whole.

Proprietorship

A type of business ownership where the business is owned and run by one individual who has full control and responsibility.