Technical Standards in High-Technology Industries Are

question 37

Multiple Choice

Technical standards in high-technology industries are

• A) specifications developed by each producing company for its own products.
• B) specifications that all producers adhere to when making a product or product component.
• C) product specifications imposed by the federal government.
• D) expressions of product features desired by consumers.
• E) general guidelines proposed by industry leaders.

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Definitions:

Deposit In Transit

Funds that have been sent to a bank but have not yet been recorded in the bank's records or the depositor's account balance.

Outstanding Checks

Checks that have been written and recorded in the issuing company's books but not yet cashed by the recipient.

NSF Checks

Non-Sufficient Funds (NSF) checks are checks that cannot be processed due to insufficient funds in the account on which they are drawn.

Bank Service Charge

Fees charged by banks for various services provided to customers, such as account maintenance or transaction processing.