Changes in Any Sector of the General Environment Eventually Affect

question 70

True/False

Changes in any sector of the general environment eventually affect most organizations.

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Definitions:

Remittance Advice

A document sent by a customer to a business, indicating that an invoice has been paid, often accompanying the payment.

Payment by Check

A method of making payments using a check, which is a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.

Bank Statement

A monthly summary from a bank showing all transactions in an account.

Electronic Funds Transfer

The electronic transfer of money from one bank account to another, either within the same financial institution or across different institutions.