A Check for Which a Maker's Bank Account Has Inadequate

question 58

Multiple Choice

A check for which a maker's bank account has inadequate money to pay the check is known as a ________.

• A) nonsufficient funds check
• B) outstanding check
• C) restrictive check
• D) canceled check

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Definitions:

Payback Period

The time required for an investment to generate income or profits equal to the original cost of investment.

Capital Budgeting

The process of evaluating and selecting long-term investments that are in line with an organization's strategic goal.

Capital Improvements

Long-term investment expenditures made to improve, upgrade, or extend the life of a capital asset, often resulting in increased operational efficiency or capacity.

New Ventures

Initiatives or startups that are in their early stages of translating new business ideas into operational businesses.