Ryron Bank, a Private Bank, Introduced Internet Banking Facilities for Its

question 70

Multiple Choice

Ryron Bank, a private bank, introduced Internet banking facilities for its customers after the government demonetized hundred dollar bills. Customers who were reluctant to use credit cards for their daily purchases were enthusiastic about this new option. In this context, which dimension of the business environment is affected the most?

• A) The social environment
• B) The technological environment
• C) The political environment
• D) The global environment

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Definitions:

Sample

A subset of a population used in statistical analysis to approximate the characteristics of the entire population.

Crude Oil Prices

The cost per barrel of crude oil, which fluctuates based on market conditions, supply, and demand.

Mean Price

The average price of a set of goods or services, calculated by summing all prices and dividing by the number of items.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values deviate from the mean.