Automated Teller Machines

question 133

Multiple Choice

Automated teller machines

• A)are more costly to use than human tellers,so banks discourage their use by charging more for use of ATMs.
• B)cost about the same to use as human tellers in banks,so banks discourage their use by charging more for use of ATMs.
• C)cost less than human tellers,so banks may encourage their use by charging less for using ATMs.
• D)cost nothing to use,so banks provide their services free of charge.

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Definitions:

Total Minutes

The complete count of minutes accumulated across a specified timeframe, often used in time tracking or productivity analysis.

Time-Driven

Refers to activities or processes that are scheduled or organized based on time, often used in activity-based costing systems.

Activity-Based Costing

A system of costing that divides overhead and indirect costs among products and services based on the activities they perform.

Matching Capacity

The process of adjusting the production capability of a company to meet the actual demand for its products or services.