In Automation

question 54

Multiple Choice

In automation:

• A)more manual steps are required.
• B)business processes are reorganized to cut waste and eliminate repetitive,paper-intensive tasks.
• C)the nature of the business is rethought.
• D)employees are enabled to perform their tasks more efficiently.
• E)business processes are added.

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Definitions:

Pure Discount

A financial instrument, such as a zero-coupon bond, that is sold at a discount and pays no interest, only returning the face value at maturity.

Interest-Only

A debt repayment strategy where the borrower pays only the interest on the principal balance, with the principal balance unchanged.

Pure Discount Loan

A loan where the borrower receives a sum of money upfront and repays a higher amount at the end of the loan period, effectively paying interest by the difference.

Lump Sum Payment

An isolated financial disbursement occurring once, instead of being divided into multiple payments over a duration.