Which of the Following Is the Better Banking Option for Jane

question 16

Multiple Choice

Which of the following is the better banking option for Jane who keeps a minimum bank balance of $1000,needs liquidity and does ten transactions per month?

• A)Ace Bank pays no interest,has no ABM fees but charges a $7.00 monthly account fee.
• B)Bee Bank charges a $60 annual fee for the account,pays interest at two percent on the average monthly balance,and has $1.00 ABM fees.
• C)Sea Bank charges no fees as long as the account balance remains above $1000,pays two percent interest on the average monthly balance,charges $1.00 ABM fees,and requires no minimum balance.
• D)Dee Bank requires no minimum balance,pays one percent interest on the average monthly balance,and allows 10 free ABM withdrawals a month,but charges $3 per withdrawal thereafter.

Assess the financial performance using flexible budgeting.

Distinguish between spending and activity variances.

Evaluate employee wages and salaries management in budgeting.

Grasp the concept of planning budget and its importance in financial forecasting.

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Definitions:

Warm-hearted

Having or showing kindness, empathy, and genuine care for others, characterized by a compassionate nature.

Autocratic Leaders

Leaders who use a style based on giving orders to followers.

Situational

Pertaining to or dependent upon a particular set of circumstances, context, or conditions, rather than inherent traits or personality factors.

Fiedler

Refers to Fred E. Fiedler, an Austrian-American psychologist who developed the Contingency Model of leadership, emphasizing the importance of both the leader's style and the situational context.