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:

Horizontal Axis

A reference line on a graph or chart running left to right, typically used to represent the independent variable or scale of time.

Vertical Axis

A method used in graphing to represent the dependent variable or measure outcomes across a range of values.

Optimum

Optimum refers to the most favorable condition or level for growth, reproduction, or efficiency.

Good Y

An unspecified product or commodity referred to generically to discuss economic theories or principles.