A Credit Union Holds and Maintains Detailed Records of the Banking

question 70

Multiple Choice

A credit union holds and maintains detailed records of the banking activities of its members.Each quarter,the credit union provides its members a printout of banking activities,information about low rate loans and pre-owned automobiles.By contacting and telling its members about its offers on a regular basis,the credit union is engaging in the business function of:

• A)breaking bulk
• B)holding inventory
• C)providing assortments
• D)financing
• E)providing services

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Definitions:

Factory Overhead

Indirect costs associated with manufacturing, including utilities, depreciation of equipment, and salaries of managers.

Management Process

A systematic approach to managing and optimizing an organization's resources and operations towards achieving its objectives.

Alternative Actions

Different courses of action or strategies that can be taken in a given situation.

Decision Making

A component inherent in the other management processes of planning, directing, controlling, and improving.