The Simplest Type of Payments System Is

question 53

Multiple Choice

The simplest type of payments system is

• A)the use of definitive money for trading goods and services.
• B)the use of electronic funds transfers.
• C)barter.
• D)the use of checks issued against accounts at commercial banks for trading goods and services.

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Definitions:

Human Relations

The study and management of how people interact in the workplace, aiming to improve job satisfaction, efficiency, and productivity.

Human Relations Skills

The ability to interact effectively and harmoniously with other people.

Engineering Technician

A professional who applies theoretical engineering principles and technical skills to support engineers in various projects and experiments.

Theory Y

A management approach based on the belief that employees are intrinsically motivated to work and can be trusted to seek out responsibility.