An Account at a Bank That Carries a Fixed Maturity

question 62

Multiple Choice

An account at a bank that carries a fixed maturity date,with a fixed interest rate,and which often carries a penalty for early withdrawal of money is called a:

• A)demand deposit.
• B)transaction deposit.
• C)time deposit.
• D)money market mutual deposit.
• E)None of the options is correct.

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Definitions:

Operations Management

The field of management focused on planning, supervising, and managing the production process and reorganizing business activities in the creation of goods or services.

Process And Capacity Design

This term refers to the strategic approach in operations management, focusing on designing the processes and determining the capacity of production facilities to meet market demands.

Management Process

The series of actions and decisions that managers undertake to achieve organizational goals, including planning, organizing, leading, and controlling.

Controlling

In management, controlling refers to the process of monitoring performance, comparing it with goals, and taking corrective action as needed to ensure that objectives are achieved.