16-61 Which of the Following Explains Why ATM Networks Have

question 102

Multiple Choice

16-61 Which of the following explains why ATM networks have grown relatively slowly in countries such as Sweden and Singapore?

• A)Absence of interregional banking restrictions in these countries.
• B)Prevalence of nationwide branching and banking in these countries.
• C)Prohibitive charges imposed for the use and leasing of domestic telephone lines.
• D)Crime and fraud risk.
• E)None of the above.

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Definitions:

Contribution Margin

The amount by which a product's sales price exceeds its variable costs, used to cover fixed costs and generate profit.

Variable Selling Expenses

Costs that fluctuate with the level of sales activity, such as commissions and shipping fees.

Contribution Margin

The amount remaining from sales revenue after variable expenses are subtracted, used to cover fixed costs and generate profit.

Variable Administrative Expenses

Costs that change in proportion to the activity of a business.