Basic Bank Services Do Not Include

question 92

Multiple Choice

Basic bank services do not include:

• A)Bank accounts.
• B)Bank deposits.
• C)Checking.
• D)Electronic funds transfer.
• E)Petty cash management.

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Definitions:

Business Segments

Parts of a company that can be separately identified by products provided or by geographic markets, allowing for analysis of the different areas of a business.

Variable Costing

An accounting approach that includes only variable production costs - direct materials, direct labor, and variable manufacturing overhead - in product costs, excluding fixed overhead.

Net Operating Income

The profit a company earns from its normal business operations, excluding non-operating income and expenses.

Contribution Margin

The amount remaining from sales revenues after all variable expenses have been deducted.