Match the Following Terms with Their Definitions

question 88

Multiple Choice

Match the following terms with their definitions.
-Deposits in transit

• A)Document that records deposit
• B)Added to bank balance
• C)Used in mobile banking
• D)Automatic teller machines
• E)One to receive amount of check
• F)Bank adds to your account
• G)Record keeping device
• H)Bounced check
• I)Check must be deposited to payee's account
• J)A report sent by bank
• K)Total credit card sales minus credit accounts
• L)Identifies to whom check is to be transferred
• M)Bank is charging your account
• N)No restrictions
• O)One who writes a check
• P)Eliminates the use of paper checks
• Q)Signing back of checks
• R)Comparing bank balance to checkbook balance
• S)Not processed by bank yet

Distinguish between different business entities (sole proprietorship, partnership, and corporation) regarding structure and liability.

Recognize the principles of ratification and estoppel in agency relationships.

Understand the applications and limitations of the concept of limited liability in business organizations.

Understand the concept and implications of the production possibility frontier (PPF) and its shape.

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Definitions:

Turnover

In a business context, it refers to the rate at which employees leave a company and are replaced within a certain period.

Social Security

A government program designed to provide financial assistance to people with insufficient or no income, mainly targeting the elderly, disabled, and unemployed.

Directional Hypothesis

A hypothesis indicating the expected direction of difference or linkage between variables.

Fear Of Crime

An emotional response characterized by anxiety or concern about becoming a victim of crime.