Which of the Following Is a Benefit of Internet Banking

question 73

Multiple Choice

Which of the following is a benefit of internet banking?

• A)The business can reduce its internal controls over cash receipts.
• B)The bank reconciliation is not necessary.
• C)The business can reconcile with the bank's balance at any time.
• D)A company's book balance will always equal the bank's balance.

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Definitions:

Management Function

The activities undertaken by managers in planning, organizing, leading, and controlling to achieve organizational goals.

Expensive

Referring to something that has a high cost or price, often requiring a considerable amount of money to purchase.

Hygiene Factors

Factors related to the work environment that, while not directly motivating, can lead to dissatisfaction if missing or inadequate; a concept in Herzberg's two-factor theory.

Herzberg

Refers to Frederick Herzberg, a psychologist best known for developing the Motivation-Hygiene Theory, which differentiates between factors that satisfy or dissatisfy employees in the workplace.