Banks Require Each Person Authorized to Sign on an Account

question 56

Multiple Choice

Banks require each person authorized to sign on an account to provide a(n) ________ which protects against forgery.

• A) confirmation card
• B) signature card
• C) authorization form
• D) online transfer form

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Definitions:

Depreciation

The methodical distribution of a physical asset's cost over its lifetime, indicating its usage, deterioration, or becoming outdated.

Fixed Asset Turnover

A financial ratio that measures a company's ability to generate net sales from its fixed-asset investments, such as property, plant, and equipment.

Favorable Trend

A pattern or movement in financial metrics indicating positive progress or improvement.

Unfavorable Trend

A pattern or movement in financial or operational data that suggests a negative direction, potentially indicating problems.