A Person May Stop Payment on a Check

question 9

Multiple Choice

A person may stop payment on a check:

• A) as long as he or she is authorized to draw a check from the account in question.
• B) as long as he or she is authorized to draw a check from the account in question and he or she is the party who signed the check in question.
• C) as long as he or she has sufficient funds to cover any liability an erroneous stop-payment order would incur.
• D) after a month of the deposit of the check.

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Definitions:

Boundary-Spanning Subsystem

Part of an organization that interacts with the external environment, facilitating the input and output transactions between the organization and its external stakeholders.

Technical Subsystems

Components within an organization focused on the technological processes and requirements that support its operations and objectives.

Managerial Subsystems

Components within an organization that are responsible for different management functions, such as planning, organizing, leading, and controlling.

Efficiency

Refers to the ability to achieve a desired result without wasted energy or effort.