Of the Different Types of Businesses, a Corporation Has the ________

question 116

Multiple Choice

Of the different types of businesses, a corporation has the ________ government rules and the ________ government regulations affecting it.

• A)least; least
• B)least; most
• C)most; least
• D)most; most

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Definitions:

Reconciling

The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.

Bank Statement

A record of an account sent to the account holder, usually on a monthly basis, showing the beginning balance, all deposits made, all checks drawn, all bank service charges and interest earned, and the closing balance.

Check Register

A record, often part of a checkbook, that allows individuals to track checks written, deposits made, and current balances.

ATM

An Automated Teller Machine, a banking terminal that allows customers to perform financial transactions, such as cash withdrawals and deposits, without the need for a human cashier.