The Source Deciding What It Wants to Say and Translating

question 107

Multiple Choice

The source deciding what it wants to say and translating it into words or symbols that will have the same meaning to the receiver is termed as

• A) transmutation.
• B) exposition.
• C) decoding.
• D) encoding.
• E) recoding.

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Definitions:

Electronic Funds Transfer

The electronic exchange or transfer of money from one account to another, either within the same financial institution or across different institutions, through computer-based systems.

Bank Deposits

Money placed into a banking institution for safekeeping, which can include savings accounts, checking accounts, and certificates of deposit.

Petty Cash Management

The process of overseeing and controlling the petty cash fund, a small amount of cash on hand used for minor expenses.

Internal Control Systems

Methods and systems adopted by an organization to maintain the accuracy of its financial and accounting records, ensure responsibility, and deter deceit.