Explain Benefits to Companies and to Employees of Using Electronic

question 51

Essay

Explain benefits to companies and to employees of using electronic direct deposit for payroll.

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Definitions:

Status Quo Bias

The preference to maintain current circumstances or resist changes.

Changing

Refers to the process of making something different from what it was before.

Immediate Outcomes

The direct results or effects that occur as a consequence of an action or event.

Omission Bias

The inclination to perceive actions that cause harm as more negative or morally inferior compared to equally damaging failures to act (omissions).