Placing a Customer's Bills on a Company's Own Web Site

question 28

Multiple Choice

Placing a customer's bills on a company's own Web site and sending an e-mail telling the customer that his or her bill is there is called:

• A) electronic funds transfer
• B) electronic bill presentment
• C) electronic bill payment
• D) electronic document management

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Definitions:

Research And Development

Activities undertaken by companies to innovate and introduce new products or processes, often involving substantial investment in technology and human resources.

Patent

A Patent is an exclusive right granted to an inventor to make, use, or sell an invention for a certain number of years, protecting it from unauthorized use or replication.

Legal Fees

Charges billed by attorneys or law firms for legal services rendered.

Intangible Assets

Non-physical assets owned by a business that could include intellectual property rights, brand recognition, and patents.