Electronic Funds Transfer

question 28

Multiple Choice

Electronic funds transfer

• A) occurs when a company has a computerized cash register.
• B) occurs when a company downloads bank details to a company computer.
• C) occurs when a certified cheque is requested.
• D) is a system that electronically transfers funds between parties without the use of paper.

---

Definitions:

Specialized Knowledge

Expertise or skills in a specific area or field, often requiring extensive education or experience.

Multiple Locations

The operation of a business or organization in more than one geographical area or physical site.

Web-Based HR

Human resources practices and systems delivered through the internet to manage HR activities, such as recruitment, training, and performance appraisal.

James Meredith

An American civil rights activist known for being the first African American student to attend the University of Mississippi in 1962, challenging racial segregation.