Under the Check Clearing for the 21st Century Act

question 51

Multiple Choice

Under the Check Clearing for the 21st Century Act:

• A)a new negotiable instrument, called an IRD, was created.
• B)banks are required to accept checks in electronic form.
• C)Both of the above.
• D)None of the above.

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Definitions:

Organizational Change

Organizational change involves the process through which companies modify major components of their operations, structures, or strategies to address internal or external opportunities or challenges.

Customer Feedback

Information coming directly from customers about the satisfaction or dissatisfaction they feel with a product or a service, often used for improvement and adjustments.

Offshoring

The practice of relocating company operations or functions to another country to reduce costs or access skilled labor.

Multinational Corporation

A company that operates in multiple countries, managing production or delivering services in more than one country.