Which of the Following Observations Concerning E-Money Is NOT True

question 52

Multiple Choice

Which of the following observations concerning e-money is NOT true?

• A)Check writing lays the foundation of e-money.
• B)E-money removes the middleman from a transaction.
• C)The e-money user transfers the money from his or her bank account to the account of the funds' receiver.
• D)The primary function of e-money is to facilitate transactions on the Internet.
• E)E-money is not a cost efficient way of managing transactions that are small in value.

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Definitions:

Outsourcing

The practice of purchasing components rather than making them in-house.

Intermediate Components

Components or parts used in the production process that are not final products but are incorporated into other goods.

Inventory Management Systems

Technologies and strategies used to oversee the ordering, storing, and use of a company’s inventory.

Production Schedules

Plans that outline the timing and sequence of manufacturing operations to meet production targets and manage resources efficiently.