The Cheques That Have Been Paid by the Bank on Behalf

question 12

Multiple Choice

The cheques that have been paid by the bank on behalf of the depositor and included with the bank statement are called:

• A)outstanding cheques.
• B)deposited cheques.
• C)cancelled cheques.
• D)cheques in transit.

---

Definitions:

Employee Monitoring Systems

Systems that monitor employees’ computers, e-mail activities, and Internet surfing activities.

Risk Acceptance Strategy

A decision-making approach where identified risks are consciously accepted, often when the potential costs of mitigating those risks outweigh the benefits.

Authorization

A process that determines which actions, rights, or privileges the person has, based on verified identity.

Authorization

The process of giving someone permission to do or have something, often related to access in security systems or financial transactions.