Which of the Following Best Describes a Stale Check

question 33

Multiple Choice

Which of the following best describes a stale check?

• A) A check that has been written by the drawer for a date in the future, which a bank can honor even before the date on the check
• B) An incomplete check that is presented to the drawee bank for payment
• C) A check that has been written by the maker dated at some point in the past, which can be paid and charged to the customer's account even at the present date
• D) A check that is more than six months old for which a bank does not owe its customer a duty to pay out of the account

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Definitions:

Organizational Cultures

The shared values, beliefs, norms, and practices that shape the social and psychological environment of an organization, influencing its members' behavior and attitudes.

Assimilation

The process by which individuals or groups of different backgrounds come to adopt the culture, beliefs, and practices of a larger community or society.

Organizational Culture

The shared values, beliefs, and practices of an organization's members that shape its social and psychological environment.

Tangible Assets

Physical and material assets owned by a company, such as buildings, machinery, and inventory, which have a defined monetary value and can be physically touched.