Answer the following questions:

Identifying and maintaining vendors is important for all businesses and just as important is paying those vendors in a timely manner. How might interactions with vendors that you might not see impact your dealings with them?

Online banking is becoming the norm in the business community. How might this change the opinion of business owners who do not want to deal with technology? How would you explain the value of online banking to a business owner who doesn't understand the basics of accounting, including paying vendors with electronic payments instead of paper checks?