A Disadvantage of Virtual Banks (Clicks) Is That ________

question 36

Multiple Choice

A disadvantage of virtual banks (clicks) is that ________.

• A) their hours are more limited than physical banks
• B) they are more secure than physical banks
• C) they are more costly to operate than physical banks
• D) customers worry about the security of on-line transactions

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Definitions:

Direct Labor Variances

The differences between the actual labor costs incurred and the standard labor costs for the actual production achieved.

Direct Labor Costs

The wages paid to employees who are directly involved in the production of goods or services, such as assembly line workers or craftsmen.

Standard Costs

Predetermined or estimated costs to perform an operation or produce a good, used as benchmarks against actual costs.

Direct Labor

Direct labor relates to the work of employees who are directly involved in the production of goods or services.