The System Whereby Funds Are Moved Between Computer Terminals Without

question 16

Multiple Choice

The system whereby funds are moved between computer terminals without use of checks is

• A) electronic funds transfer.
• B) float.
• C) a lock-box system.
• D) magnetic character recognition.

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Definitions:

Churners

Customers who discontinue their use of a company's products or services and switch to those of a competitor.

Distinct Jobs

Refers to specific, individual roles or positions within a workplace, each with its unique responsibilities and requirements.

Parent-adolescent Conflict

Disagreements and disputes that occur between parents and their teenage children, often due to differing views or expectations.

Day-to-day Matters

Issues, tasks, or concerns that require attention or management on a daily basis.