Which of the Following Is a Benefit of Online Banking

question 113

Multiple Choice

Which of the following is a benefit of online banking to a business?

• 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:

Health Problems

Physical or mental conditions that affect an individual's well-being and ability to perform daily tasks.

Death of a Spouse

A significant life event involving the loss of one's partner, which can have profound emotional and psychological effects.

Preference for Solitude

Preference for solitude describes an individual's inclination or desire to be alone, finding satisfaction or peace in being away from social interactions.

Humanistic Approach

A psychological perspective which emphasizes an individual's inherent drive towards self-actualization and creativity, focusing on the whole person and the uniqueness of each individual.