A Debit Card

question 17

Multiple Choice

A debit card

• A)is considered part of M1.
• B)is just like credit card in that you pay for it with a check at a later time.
• C)purchase takes money out of your checking account.
• D)is considered part of M2.
• E)None of the choices are true of debit cards.

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Definitions:

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Division of Labor

The practice of breaking down work into specialized tasks, each carried out by different workers or groups of workers.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

HR Unit

A division within a company focused on employee recruitment, management, and company policies adherence.