Consumer Products That a Customer Feels Are Worth the Time

question 57

True/False

Consumer products that a customer feels are worth the time and effort to compare with competing products are shopping products.

---

Definitions:

Deposits In Transit

Funds that have been received and recorded by a business but not yet credited to its bank account, typically due to timing differences in bank processing.

Checkbook Balance

The amount of money available in an account, according to the account holder's records.

Bank Service Charge

Fees charged by a bank to a customer for account maintenance, transactions, and other financial services.

NSF Check

A check that has not been honored by the bank due to insufficient funds in the account to cover the amount.