Which of the Following Is NOT a Retail Banking Service

question 100

Multiple Choice

Which of the following is NOT a retail banking service?

• A)Cheque deposit services.
• B)Point of sale/debit cards.
• C)Telephone bill paying services.
• D)Pre-authorized debits/credits.
• E)Automated teller machines.

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Definitions:

Cost Of Goods Sold

The cost of goods sold (COGS) refers to the direct costs attributable to the production of the goods sold by a company, including material and labor costs.

Job Costing

A cost accounting system used to assign costs to specific jobs or batches, typically used in industries with unique, customizable orders.

Inventory Valuation

The monetary amount associated with the goods held by a company to be sold or used in production.

Operation Costing

A hybrid costing system used in manufacturing, combining elements of both job-order and process costing.