The Removal of Funds from a Financial Intermediary Is

question 42

Multiple Choice

The removal of funds from a financial intermediary is

• A)innovation.
• B)disintermediation.
• C)fungibility.
• D)deposit sweeping.

Apply flexible budgeting to various components of the master budget.

Understand the principles of management by exception.

Grasp the role of activity indexes in budgeting.

Identify the characteristics of a responsibility accounting system.

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Definitions:

Recommended Practice

Suggested methods or procedures that are considered to be effective and efficient in achieving a desired result.

Road Shock

The impact and vibrations transmitted through a vehicle's suspension system as a result of irregularities and bumps on the road surface.

Cycling

A continuing repetition of events. Repeating a duty cycle.