A Recent Survey of Over 5000 US-Based HR Professionals Found

question 58

True/False

A recent survey of over 5000 US-based HR professionals found that only about 20% of organisations allowed employees to telecommute.

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Definitions:

Collection Time

The average period that it takes for a business to receive payments owed, in terms of receivables, from its customers and clients.

Preauthorized Payments

Financial arrangements allowing a payee to automatically withdraw money from a payer's bank account for recurring bills or subscriptions.

Collection Time

The duration it takes for a business to receive payments owed by its customers.

Lockbox System

A service provided by banks to companies for the receipt of payment from customers, whereby payments are sent directly to a post office box, rather than to the company, to expedite the deposit process.