Dalton Presents an Uncertified Check for Payment More Than Six

question 15

Multiple Choice

Dalton presents an uncertified check for payment more than six months after its date. The check was drawn by Emma on her account in First Bank. If the bank follows the usual banking practice in such a case, it will​

• A) ​cash the check.
• B) ​consult Emma.
• C) ​refuse to cash the check.
• D) ​ask Dalton what he would prefer.

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Definitions:

Operating Costs

Expenses related to the day-to-day functioning of a business, excluding costs associated with production or acquisition of goods.

Total Cost

The complete sum of all expenses incurred in producing, acquiring, or carrying out an activity or service, including direct, indirect, fixed, and variable costs.

Best Alternative

The most favorable option available to a decision-maker when multiple choices are present.

Operating Costs

Expenses associated with the day-to-day functions of running a business, including costs for rent, utilities, payroll, and materials.