Banks Use _______________ Technologies for Check Processing

question 143

Multiple Choice

Banks use _______________ technologies for check processing.

• A) voice response
• B) magnetic ink character recognition
• C) laser printer
• D) optical scanner

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Definitions:

Net Income

The total profit of a company after accounting for all costs and expenses, including taxes, interest, and depreciation.

Direct Materials

Raw materials that are directly traceable and allocable to a finished product in the manufacturing process.

Direct Labor

Direct Labor involves the work of employees who are directly involved in the production of goods or services, considered a variable cost that changes with the level of output.

Variable Overhead

Costs that vary with the level of production output, such as utilities and materials, as opposed to fixed overhead costs.