The Department or Function That Develops and Operates an Organization's

question 29

Multiple Choice

The department or function that develops and operates an organization's information systems is often called the:

• A) information systems organization
• B) computer operations department
• C) controller's office
• D) computer technology branch

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Definitions:

Postdated Checks

Checks written with a future date, implying they cannot be cashed or deposited until that date arrives.

Insufficient Funds

A situation where one's bank account does not have enough money to cover checks or electronic transfers made against it, potentially resulting in a bounced check or declined transactions.

Drawer's Account

In financial terms, the account belonging to the person who writes a check or draft instructing a bank to pay a designated amount of money.

Honor The Check

The act of a bank or financial institution completing the transaction by paying the amount specified on a check from the payer's account to the payee or holder.