Banks Perform Which of the Following Functions

question 61

Multiple Choice

Banks perform which of the following functions:

• A) Collecting payments on checks sent to their corporate customers
• B) Making payment on the checks written by their customers to other parties
• C) Providing information-processing services to small- and medium-sized businesses
• D) Handling large-volume transactions, such as payroll disbursements
• E) All of the above

---

Definitions:

Values

Core beliefs or principles that guide an individual's actions and judgments, influencing their behavior and attitudes.

Hierarchy of Needs

A motivational theory proposed by Abraham Maslow, outlining five levels of human needs, from basic (physiological) to higher-level (self-actualization), driving behavior to fulfill these needs.

ERG Theory

A motivation theory developed by Clayton Alderfer that categorizes human needs into three categories: Existence, Relatedness, and Growth, modifying Maslow's hierarchy of needs.

Needs Hierarchy Theory

A psychological theory proposing that human needs are arranged in a hierarchy, with basic needs being the most fundamental.