Under the Check 21 Act

question 2

Multiple Choice

Under the Check 21 Act:

• A) banks must accept checks in electronic form.
• B) banks are permitted to truncate original checks and process check information electronically.
• C) banks must create substitute checks which are the legal equivalent of the original checks.
• D) banks must keep the paper checks on file for 90 days.

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Definitions:

Managerial Attitudes

The predispositions or orientations that managers have towards people, tasks, and situations in the workplace.

Ethnocentric

Holding the belief that one's own culture or ethnicity is superior to others, often resulting in judging other cultures from the perspective of one's own.

Local Decision Making

The process of making choices or solving problems at a local level, often allowing individuals or groups closest to the issue or situation to make the decisions.

Polycentric

Polycentric refers to a philosophy or approach in international business, in which policies and practices are tailored specifically to fit the requirements of each country.