One of the Keys to Success in Risk Identification Is

question 59

Multiple Choice

One of the keys to success in risk identification is

• A)Critical thinking
• B)Optimism
• C)Pessimism
• D)A "can do" attitude
• E)All of these are correct

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Definitions:

Outstanding Deposit

Refers to funds that have been deposited in a bank account but have not yet been credited or made available for use.

Outstanding Checks

Checks that have been written and recorded in the account ledger but have not yet been cashed or cleared by the bank.

Adjusted Balance

The method of calculating finance charges on a credit account by subtracting payments or credits received during the billing cycle from the balance at the end of the billing cycle.

Check Register

A record-keeping tool used to track checks written, deposits made, and the current balance of a checking account.