Some Benefits of Technological Advancement for FIs Include

question 52

Multiple Choice

Some benefits of technological advancement for FIs include:

• A)convenience and service quality
• B)lower operating cost, cross-marketing and cross-selling potential
• C)less direct contact with customers
• D)All of the listed options are correct.

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Definitions:

Collective Efficacy

The shared belief in a group’s capabilities to organize and execute the courses of action required to achieve given levels of attainment.

Task Cohesion

The degree to which group members work together in a coordinated and cooperative manner toward a common goal.

Collective Emotions

Emotions that are shared or experienced by a group of people, which often emerge during significant social events or movements.

Collective Rituals

Shared ceremonies or practices performed by a group, often with symbolic importance, that reinforce group identity and cohesion.