A Check That Is Presented for Payment More Than One

question 41

True/False

A check that is presented for payment more than one month from its date is a stale check.

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Definitions:

Low-Context

Referring to cultures or communication styles that rely more on explicit, direct language and less on context or nonverbal cues to convey meaning.

Multinational

Refers to a corporation or enterprise that operates in several countries but is managed from one (home) country.

Ethnocentric

An attitude or policy where one's own culture, nation, or group is considered superior to others, often leading to biased judgments.

Polycentric

An approach in international business that emphasizes and adapts to the cultural differences of the countries in which it operates.