The Internet Will Make It Easier for Firms to Customise

question 19

True/False

The internet will make it easier for firms to customise their offerings and personalise their relationships with their customers.

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Definitions:

Insurance Policy

A contract between an insurer and a policyholder that specifies the terms of the insurance coverage.

NSF Check

A check that cannot be processed because the drawer's account does not have sufficient funds, standing for Non-Sufficient Funds.

Outstanding Checks

Checks that have been written and recorded in the issuing entity's records but have not yet been cashed or deposited by the recipient.

Cash Overage

A situation where the actual cash on hand exceeds the expected amount, often due to errors in handling or recording.