A Disadvantage of Virtual Banks (Clicks)is That

question 133

Multiple Choice

A disadvantage of virtual banks (clicks) is that

• A) their hours are more limited than physical banks.
• B) they are less convenient than physical banks.
• C) they are more costly to operate than physical banks.
• D) customers worry about the security of on-line transactions.

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Definitions:

Cocktail Party Effect

The brain's ability to focus one's auditory attention on a particular stimulus while filtering out a range of other stimuli, much like when a person can focus on a single conversation in a noisy room.

Inattentional Blindness

A psychological phenomenon where an individual fails to perceive an unexpected stimulus in plain sight, due to the focus being elsewhere.

Information-Processing Perspective

A cognitive approach that likens the mind to a computer, focusing on how information is taken in, processed, stored, and retrieved.

Activation-Synthesis Theory

A theory proposing that dreams are the result of the brain's attempt to make sense of random neural activity during REM sleep.