Controlled disbursing is defined as an information productthat is, the bank on which the companys checks are
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Controlled disbursing is defined as an information product—that is, the bank on which the company’s checks are drawn provides an early-morning notification of the total dollar amount of checks that will clear the account that day. Based on that notification, the company may then fund the account for that amount by the close of business that afternoon. How might controlled disbursing still be viewed as a form of “remote disbursing,” and therefore be considered unethical?
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Related Book For
Essentials of Business Law and the Legal Environment
ISBN: 978-0324303957
9th edition
Authors: Richard A. Mann, Barry S. Roberts
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