Which of the Following Is Not a Type of Involvement

question 106

Multiple Choice

Which of the following is not a type of involvement system commonly used in gainsharing plans?

• A)steering committees
• B)update meetings
• C)newsletters
• D)coordinators
• E)pep rallies

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Definitions:

Nonsufficient Funds

Nonsufficient funds (NSF) is a term used in banking to indicate that a demand for payment cannot be honored because there are inadequate funds in the account on which the instrument was drawn.

Accounts Receivable

Accounts receivable is the money owed to a business by its clients or customers for goods or services delivered but not yet paid for.

Electronic Funds Transfer

A system that allows the transfer of money between bank accounts without the physical exchange of cash, checks, or other negotiable instruments.

Outstanding Checks

Checks that have been issued and recorded in the payer's financial statements but have not yet been cashed or cleared by the bank.