Why Are Dynamic Processes Evaluated on Effectiveness More Than Efficiency

question 38

Multiple Choice

Why are dynamic processes evaluated on effectiveness more than efficiency?

• A) because they are difficult to change
• B) because the efficient use of resources does not matter in the case of such processes
• C) because they are highly controlled and standardized
• D) because they change so fast that it is not possible to measure efficiency over time

Explain the principles of electronic funds transfers (EFT) including the types of EFT systems.

Comprehend consumer rights and liabilities under the Electronic Funds Transfer Act (EFTA).

Grasp the concepts of final payment, dishonor of checks, and the effects on the parties involved.

Recognize the warranties and duties of collecting banks in the check collection process.