Is EFT always a good thing? List some potential problems with EFT
What will be an ideal response?
Answer: EFT makes our lives easier and better as long as you learn how to use it effectively. One of the problems is better access of our money. Having unlimited access to our money may cause problems with budgeting and impulsive spending. It also requires good record keeping to make sure that you know how much money is left in your accounts to prevent overdraft fees. When you write a check you have control over your money as far as the amount and the timing of the withdrawal. With EFT payments for your bills and loans you are giving up control of your money.
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Identify the type of service location in which face-to-face meetings with clients are infrequent.
A. Remote location B. The client's location C. The competitor's location D. Mutually accessible location
Which of the following methods considers the percentage of completion of beginning work-in-process?
A) FIFO B) weighted average C) both weighted average and FIFO D) neither FIFO or weighted average
The Wheeler-Lea Act withdrew the Federal Trade Commission's (FTC's) power to regulate advertising.
Answer the following statement true (T) or false (F)
A sales tax is an example of an activity-based tax.
Answer the following statement true (T) or false (F)