The Use of Automatic Pre-Authorized Monthly Bill Payment

question 121

Multiple Choice

The use of automatic pre-authorized monthly bill payment

• A) has declined significantly in Canada over the past several years.
• B) reduces the effectiveness of an organization's internal control system.
• C) is a form of electronic funds transfer.
• D) substantially increases the amount of paperwork required by the accounting department.

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Definitions:

Northern Europe

A geographical region in Europe, typically including countries such as Denmark, Finland, Iceland, Norway, Sweden, and sometimes the British Isles, known for its cold climate and advanced social welfare systems.

Coal Deposits

Geological formations containing coal in significant quantities, which can be mined for fuel and other uses.

Foreign Source

Originating from a country or place other than one's own; in information or materials context, it refers to sources from outside the domestic or local scope.

Capital

Financial assets or the financial value of assets, such as cash and buildings, used by a business to produce goods or services.