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.

---

Definitions:

Global Village

A concept referring to the world being closely connected by modern telecommunications and thus being likened to a small village, where information and news traverse geographical boundaries instantly.

Marshall McLuhan

A Canadian philosopher and professor best known for his work on media theory and his famous assertion "the medium is the message," indicating the form of a medium embeds itself in the message, creating a symbiotic relationship by which the medium influences how the message is perceived.

Machiavelli

A Renaissance Italian diplomat, philosopher, and writer, best known for his political treatise, "The Prince," focusing on political power and realism.

The Prince

A political treatise by Niccolò Machiavelli, detailing various political strategies for rulers to maintain power and control.