16-79 Which of the Following Observations Concerning E-Money Is NOT

question 54

Multiple Choice

16-79 Which of the following observations concerning e-money is NOT true?

• A)Check writing lays the foundation of e-money.
• B)E-money removes the middleman from a transaction.
• C)The e-money user transfers the money from his or her bank account to the account of the funds' receiver.
• D)The primary function of e-money is to facilitate transactions on the Internet.
• E)E-money is not a cost efficient way of managing transactions that are small in value.

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Definitions:

Machine Bureaucracy

A highly structured organizational form that operates through standardized procedures and a clear hierarchy of authority.

Centralization

Centralization refers to the concentration of decision-making authority and control at the top levels of an organizational hierarchy.

Decision Making

The process of selecting a course of action from multiple alternatives to achieve a desired outcome.

Divisionalized Form

A type of organizational structure where operations are separated into semi-autonomous units or divisions, each responsible for its own performance.