Counting the Number of Invoices That a Clerk Processes Each

question 120

Multiple Choice

Counting the number of invoices that a clerk processes each day would be an example of one type of performance measure. Which descriptor best applies?

• A)objective
• B)quality
• C)subjective
• D)behaviour-based

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Definitions:

Depositary Bank

A financial institution that holds and manages securities for its clients, facilitating the trading of these securities.

Payor Bank

The bank that is directed by a check or draft to pay a certain amount of money to the person or entity named on the check.

On-Us Item

A banking term referring to a check or draft that is presented for payment by the same bank upon which it is drawn.

Stale Check

A check that is not presented to a bank within six months of its date.