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O-LevelCommerceBanking7100/11 · Oct/Nov 2015 · Q311 Mark

What is a disadvantage to a company of introducing direct debiting for payment of bills owed to it?

ACustomers need to be informed of changes in the amount to be collected.
BDifferent amounts of money may be collected at different times.
CThe billing system is computerised so money is collected electronically.
DThere is a reduction in the amount of bad debts from customers.

✓ Correct answer

A: Customers need to be informed of changes in the amount to be collected.

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About this question

Topic
Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2015 Paper 1 Variant 1, question 31.

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