Advances in Technology

question 8

Multiple Choice

Advances in technology

• A) have impacted the manufacturing sector only
• B) have had only limited impact on services
• C) have failed to change the level of customer interaction with an organization
• D) have had dramatic impact on customer interaction with services and with products
• E) have dramatically changed health care, but have not changed retailing

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Definitions:

Cash Balance

The amount of cash held by a company at a given point in time.

Minimum Cash Balance

The lowest amount of cash that a company aims to hold in its bank accounts at any time to meet routine operational expenses.

Cash Receipts

Money received by a business, including payments from customers, cash sales, and other sources of income.

Budgeted Beginning

The initial planned value or quantity for financial accounts or inventory levels at the start of a budget period.