The Desired Effect of EFTS Is To

question 19

Multiple Choice

The desired effect of EFTS is to:

• A) avoid the delay between issuance of a check and receiving the canceled check.
• B) eliminate errors.
• C) ease the mobility of society.
• D) both avoid the delay between issuance of a check and final payment,and also to eliminate paperwork.

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Definitions:

Support Departments

Internal operational units within an organization that provide essential services or support to the primary revenue-generating functions.

Janitorial Department Costs

Expenses associated with maintaining the cleanliness and functionality of a company's physical premises, including salaries of custodial staff and cleaning supplies.

Sequential Method

A process of handling tasks one after another in a specific order.

Support Departments

Units within an organization providing essential services to profit centers or other departments, but not directly generating revenue.