As Banks and Other FIs Increase the Use of Technology

question 82

Multiple Choice

As banks and other FIs increase the use of technology, an unintended consequence may be that

• A)cost savings are seldom realized.
• B)customers are driven away because they still want to interact with a person for certain transactions.
• C)innovation of new products tends to take longer periods of time to attract new customers.
• D)the marginal cost of adding new customers tends to increase at an increasing rate.
• E)None of the above.

Understand the role of perceptual set and context in shaping our perceptions of the environment.

Explain the perceptual phenomena related to the organization of stimuli, such as the figure-ground distinction and Gestalt laws of grouping.

Evaluate how perceptual processes are adaptive, allowing for consistent and functional interpretations of our constantly changing sensory inputs.

Understand the concept of perception and its subjective nature influenced by personal experiences and expectations.

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Definitions:

Objective Procedures

Processes or protocols that are based on factual and unbiased criteria, ensuring fairness and consistency in application.

Redefining Decision

A strategic pivot or change in direction based on new insights or conditions, affecting future actions and policies.