Financial Intermediaries Develop ________ in Things Such as Computer Technology

question 75

Multiple Choice

Financial intermediaries develop ________ in things such as computer technology which allows them to lower transactions costs.

• A)expertise
• B)diversification
• C)regulations
• D)equity

Recognize the importance of matching product features, advantages, and benefits (FAB) to customer needs.

Appreciate the significance of continuous learning and improvement in selling skills and techniques.

Identify different sales approaches and methodologies, including consultative and adaptive selling.

Recognize the ethical considerations in sales and the need for honesty and integrity.

---

Definitions:

Pre-numbered

Pre-numbered refers to documents or forms that are sequentially numbered in advance, aimed at preventing fraud and ensuring completeness in record-keeping.

Internal Control

Mechanisms and steps a firm takes to confirm the trustworthiness of its financial and accounting reports, enhance accountability, and stop fraudulence.

Controls

Procedures or policies implemented by a company to safeguard its assets, enhance the reliability of its accounting records, increase efficiency, and ensure compliance with laws and regulations.

NSF Check

a check that has been returned by a bank because the account it was drawn on does not have sufficient funds.