Demand Deposits Are a Type of

question 11

Multiple Choice

Demand deposits are a type of

• A)checking account.
• B)time deposit.
• C)money market mutual fund.
• D)savings deposit.

Comprehend the concepts of division of labor, specialization, and their impacts on organizational efficiency.

Recognize the importance of departmentalization in organizational structure and its various forms.

Understand the concept of span of control and its implications for managerial effectiveness and organizational design.

Acknowledge the significance of organizational structures and their impacts on communication, decision-making, and performance.

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Definitions:

OECD

An international organisation that works to build better policies for better lives, promoting policies that will improve the economic and social well-being of people around the world.

Progressive Tax System

A tax system where the tax rate increases as the taxable amount or income increases, effectively imposing a higher percentage rate on those who earn more.

Regressive Tax

A tax system where the tax rate decreases as the taxable amount increases, placing a higher burden on lower-income earners relative to their income.

Income Groups

Categories of people classified according to the level of their income, often used in socio-economic and market research to analyze spending habits, needs, and trends.