Which of the Following Is a Benefit of Online Banking

question 145

Multiple Choice

Which of the following is a benefit of online banking?

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

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Definitions:

Arrow's Impossibility Theorem

A theory in social choice stating that no rank-order voting system can convert the ranked preferences of individuals into a community-wide complete and transitive ranking without violating one of the criteria necessary for a fair vote.

Median Voter Theorem

A principle in political science proposing that the outcome of a majority vote is most likely to match the preferences of the median voter, assuming voters can be placed along a single-dimensional policy space.

Impossibility

A condition or situation that cannot be achieved or is unattainable.

Median Voter

A theory in political science that suggests the outcome of a majority vote is most likely to correspond to the preferences of the median voter when voters' preferences are placed along a single-dimensional spectrum.