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Explain the Difference in the Cost of Processing Cheques and EFTPOS

question 60

Essay

Explain the difference in the cost of processing cheques and EFTPOS instructions.


Definitions:

Position Power

The authority and influence a person holds in an organization by virtue of the position they occupy, rather than personal attributes or expertise.

Reward Power

Reward power is the capacity to offer something of value as a way of influencing other people.

Positive Outcomes

Favorable results achieved after the implementation of a plan, strategy, or action.

Organisational Goals

The objectives or targets that an organization aims to achieve, which guide its operational and strategic decisions.

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