When a Company Transfers Funds Among Parties Electronically, Without the Use

question 29

Multiple Choice

When a company transfers funds among parties electronically, without the use of paper cheques it is called

• A) e-commerce.
• B) automated reconciliation.
• C) cheque truncation.
• D) electronic funds transfer.

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Definitions:

Deliberate Attitudes

Consciously held evaluations or opinions about objects, people, or concepts.

Severe Hazing

The practice of subjecting newcomers to abusive or humiliating trials and rituals, often under the guise of initiation into a group, which can be extreme in nature.

Belief Perseverance

Belief Perseverance is the psychological phenomenon where individuals maintain their beliefs even after those beliefs have been discredited or proven wrong.

Social Worlds

Refers to the distinct and various social environments or societies where individuals interact based on shared interests, activities, or identities.