As a Result of "Check 21-The Check Clearing for the 21^st

question 21

Multiple Choice

As a result of "Check 21-The Check Clearing for the 21^st Century Act":

• A)banks no longer have to ship paper checks to complete the process of check clearing.
• B)people can write checks and plan on having a couple of days to make a deposit to cover the check amount.
• C)canceled checks can no longer be used as proof of payment.
• D)the Federal Reserve is no longer involved in the check-clearing process.

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Definitions:

Human Resources Outsourcing (HRO)

The practice of contracting out HR functions to external providers, allowing organizations to focus on core activities.

Outsourcing

Outsourcing is the business practice of hiring external parties to perform services or create goods that were traditionally performed in-house by the company's own employees and staff.

Performance Management

The ongoing process of communication between a supervisor and an employee that occurs throughout the year, in support of accomplishing the strategic objectives of the organization.

Employee Relations

The management of the relationship between employers and employees, focusing on maintaining healthy, productive, and legally compliant interactions.