Electronic Funds Transfers Are Used to

question 139

Multiple Choice

Electronic funds transfers are used to

• A) reduce the risk of lost or stolen cheques.
• B) reduce the cost of making payments by cheque.
• C) used to make payroll payments to employees.
• D) all of the above

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Definitions:

Stakeholders

Individuals, groups, or organizations that are affected by, or have an interest in, the operations and outcomes of a particular project, program, or policy.

Highly Integrated

Being highly integrated refers to systems or processes that are closely interconnected and work seamlessly together to achieve a common goal.

Major Oil Companies

Large, international companies that are involved in the extraction, production, refinement, and distribution of oil.

Environmental Uncertainty

The degree to which future conditions or outcomes are unpredictable within the context of an organization's external environment, influencing strategic planning and decision-making.