Which of the Following Is Not an Advantage of Wire

question 36

Multiple Choice

Which of the following is not an advantage of wire transfer systems?

• A) makes record-keeping easier to automate.
• B) allows individuals to pay for goods when travelling abroad.
• C) can ensure that payments arrive exactly on time.
• D) very low cost to additional transactions.

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Definitions:

Factory Overhead

Factory overhead refers to the indirect manufacturing costs not directly tied to the production of a specific product, such as utilities, depreciation, and maintenance of equipment.

Balance Sheet

A financial statement that presents a company's assets, liabilities, and shareholders' equity at a specific point in time.

Inventory

The cumulative quantity of products and materials in a company's possession intended for either production or sale.

Product Costs

Costs directly related to the manufacturing of a product, including raw materials, labor, and overhead expenses.