The First Step in Any Systematic Problem-Solving Effort Is to

question 75

Multiple Choice

The first step in any systematic problem-solving effort is to

• A) clarify the problem.
• B) generate alternative courses of action.
• C) evaluate your alternatives and select a course of action.
• D) remain flexible.

---

Definitions:

Electronic Fund Systems

Systems that enable the electronic transfer of money from one bank account to another without the direct involvement of bank staff.

Automated Teller Machines

Electronic banking outlets that allow customers to complete transactions without the need for a branch representative.

Direct Deposits

Direct Deposits involve the electronic transfer of a payment directly from the account of the payer to the recipient's account, commonly used for payroll or benefit disbursements.

Float Time

The period between when a bank check is written and when it is actually withdrawn from the payer's account, typically used to advantage cash flow.