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An Educational Program That Relies Almost Exclusively on Intelligence and Aptitude

question 84

Multiple Choice

An educational program that relies almost exclusively on intelligence and aptitude test scores as criterion for admittance is __________


Definitions:

Mail Float

The time gap between when a payment is sent via mail and when it is received and processed, affecting the time when the funds become available.

Processing Float

The time difference between when a check is written and when it is actually cleared and funds are deducted from the account.

Availability Float

The time gap between when a deposit is made into a bank account and when the funds become available for use.

Disbursement Float

The time lag between when a payment is made by a company and when the funds are actually removed from the company's bank account.

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