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.

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Definitions:

Vision

A statement or concept that defines the desired future state or goal of an organization or individual, providing direction for planning and decision-making.

Mission Statement

articulates an organization's core purpose and values, guiding its strategic direction and decision-making.

Pathos

A rhetorical device used in communication to appeal to the audience’s emotions, often to persuade or move them.

Profit

The financial gain obtained when the revenue generated from a business activity exceeds the expenses, taxes, and costs involved in sustaining the activity.