As a Result of Shared Electronic Banking Facilities

question 55

Multiple Choice

As a result of shared electronic banking facilities,

• A) barriers to branching have become less burdensome.
• B) banking has become less competitive.
• C) both of the above have occurred.
• D) neither of the above has occurred.

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Definitions:

Variable Cost

Expenses that change directly in relation to fluctuations in production levels or the volume of sales.

Fixed Cost

Expenses that do not change with the level of goods or services produced by the business over a given period.

High-Low Method

A technique used in cost accounting to estimate fixed and variable costs based on the highest and lowest levels of activity.

Variable Cost

Outlays that move in tandem with the level of production or the scale of sales.