Generally, Good Business Decisions Cannot Be Made Without Consideration of the Appropriate

question 40

True/False

Generally, good business decisions cannot be made without consideration of the appropriate laws.

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Definitions:

EFT Deposit

An electronic funds transfer directly into a bank account, considered a safe and efficient way to transfer money.

Bank Correction

Adjustments made by a bank to rectify any discrepancies found in an account balance.

Cash Drawer

A compartment within a cash register where the cash from transactions is kept.

Cash Receipts

Money received by a business, often recorded in the period it is received.