Which of the following is usually a benefit of using electronic funds transfer for international cash transactions?
a.Creation of multilingual disaster recovsry plans.
b.Reduction in the frequency of data entry errors.
c.Off-site storage of foreign source documents.
d.Improvement in the audit trail for cash transactions.
Answer:B
Choice "b" is correct. EFT (electronic funds transfers), either international or non-international, will normally result in reduced data entry errors because the data transfers are system-to-system transfers with less data entry and thus fewer "human" errors.
Choice "a" is incorrect. The "creation of multilingual disaster recoxery plansis a pure dislracter Disaster recovery plans do not hae to be multilingual and, even if they are, that does nothing to affect international cash transactions one way or the other.
Choice "c" is incorrect. Off-site storage of foreign source documents has nothing to do with electronic funds transfer for international cash transactions. If it is good to store foreign source documents off-site, it would also be good to store non- foreign source documents off-site. Either way, wtiere source documents are stored has nothing to do with electronic funds transfer, either international or non-internationaL
Choice "d" is incorrect. There is not anything about electronic funds transfer, international or non-international, which will necessarily improve, or necessarily damage, the audit trail for cash transactions.