CTP · Question #389
(Topic 4) An intern was hired by the Vice President of Accounts Payables to process the electronic payments that come through the bank. The intern is responsible for manually entering payee…
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Question
- (Topic 4)
An intern was hired by the Vice President of Accounts Payables to process the electronic payments that come through the bank. The intern is responsible for manually entering payee information into the system at each step of the process. The VP directed the intern to enter the information as fast as possible without mistakes to optimize the number of transactions that could be processed. Instead of manually entering information the VP should have utilized:
Options
- Alarge value transfer system.
- Bstraight-through processing.
- Ccontinuous linked settlement.
- Denterprise resource planning system.
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