Concentration Banking Allows the Banks to Use the Local Collection

question 25

True/False

Concentration banking allows the banks to use the local collection system to clear the customers' cheques.

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Definitions:

Job Enlargement

The process of increasing the variety and number of tasks in a job to enhance job satisfaction and avoid employee boredom.

Boredom

A state of feeling disinterested and unengaged with one's current activity or surroundings, often due to a lack of stimulation or novelty.

Cross-training Programs

Cross-training programs involve training employees to perform tasks or duties outside their usual roles to increase flexibility and efficiency within an organization.

Job Enlargement

The process of increasing the diversity and number of tasks within a job to enhance job satisfaction and performance.