Online Banking

question 18

Multiple Choice

Online banking:

• A)Improves security and cash flows
• B)Improves security but has no impact on cash flows
• C)Improves transparency as well as eliminating the need for reconciliation of transactions
• D)Increases data entry costs but reduces error rates.

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Definitions:

Bounded Rationality Model

An approach suggesting that decision-making is limited by the information available, cognitive limitations of individuals, and the finite amount of time they have to make decisions.

Political Model

A framework in organizational studies that examines the use of power and influence by individuals and groups within an organization.

Radio-Frequency Identification (RFID)

A technology that uses electromagnetic fields to automatically identify and track tags attached to objects, containing electronically-stored information.

Tag

A label or keyword assigned to categorize or identify information, making it easier to search or group related items.