Commercial Banking Practices Consider a Check That Has Been Outstanding

question 31

True/False

Commercial banking practices consider a check that has been outstanding for three months to be a stale check.

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Definitions:

Structures

The way in which the components of an organization or system are arranged or organized.

Mission and Objectives

The purpose for which an organization is founded, and the specific goals set to guide its efforts towards the realization of that mission.

Organic Designs

Organic designs are decentralised with fewer rules and procedures, open divisions of labour, wide spans of control and more personal coordination.

Human Resources

The department in organizations concerned with the recruitment, management, and direction of people who work in it, focusing on policies and systems.