All of the Following Are Objectives of Activity-Based Cost (ABC)

question 34

Multiple Choice

All of the following are objectives of activity-based cost (ABC) accounting in government except:

• A) To preserve, at a minimum, the present quality and availability of services.
• B) To help find lower cost alternatives to providing services.
• C) To link customer (taxpayer) satisfaction to improvements in the operating systems used to provide goods and services.
• D) To make increases in the volume of services dependent on reducing costs.

Learn the applicability of various laws and regulations, such as Article 4A and the Check Clearing for the 21st Century Act, to specific banking transactions.

Acknowledge the responsibilities of banks under different circumstances, including drawer’s incompetence and ATM failures.

Realize the processes and timelines for check collection and the impact on depositor’s accounts.

Grasp the benefits of electronic funds transfers (EFTs) for banks and their effect on traditional banking practices.

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Definitions:

Corporate Social Responsibility

The concept that corporations can and should act ethically and be accountable to society for their actions.

Goodwill

In the business context, the valuable reputation of a business viewed as an intangible asset.

Judging

The process of forming an opinion or evaluation by discerning and comparing.

Job Applicant

An individual who applies for a position of employment in a company or organization.