An Electronic Funds Transfer System (EFT) Is an Electronic Transaction

question 153

True/False

An electronic funds transfer system (EFT) is an electronic transaction system used for paying bills, making direct deposits of paychecks, and paying for a purchase.

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Definitions:

Value Chain Management

The process of optimizing the steps from raw material acquisition to production, distribution, and after-sales services to add value and increase efficiency within a company's operations.

Specific Sequence

A particular order or arrangement in which events, actions, or processes occur or are arranged.

Value Chain

The full range of activities that businesses go through to bring a product or service from conception to delivery to the consumer.

Materials Flow

The movement of raw materials, components, and finished products through various stages of production and distribution.