A preauthorized electronic transfer from a consumer's account:
a. may be orally authorized at the time the transfer is to be made.
b. must be authorized in writing in advance of the time the transfer is to be made.
c. may be stopped only by written notice to the financial institution at least five business days before the scheduled date of transfer.
d. is limited to an amount of $500 or less.
b
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After setting goals, managers should next
A. prepare an action plan for accomplishing the goals. B. propose changes to the goals of same-level managers to bring all into alignment. C. supervise subordinates closely. D. report failure to meet goals to superiors. E. begin the planning process anew.
Without mutual assent between the parties, there is no contract
Indicate whether the statement is true or false
Expensive, high-quality products that are purchased infrequently often reach consumers through
A. selective distribution. B. highly-selective distribution. C. sole-source retailers. D. complex marketing channels. E. exclusive distribution.
All of the following statements about agency problems are true EXCEPT
A) Agency problems result from the separation of management and the ownership of a firm. B) Agency problems interfere with the goal of maximizing shareholder value. C) Agency costs are paid by the managers who do not act in the shareholders' best interest. D) The root cause of agency problems is conflicts of interest.