Which One of the Following Statements Is Correct

question 179

Multiple Choice

Which one of the following statements is correct?

• A) Cash concentration accounts apply only to firms with geographically diverse manufacturing facilities.
• B) Cash concentration accounts should improve the efficiency of a firm's cash management.
• C) A firm with a lock-box system does not need a concentration account.
• D) Firms generally need multiple concentration accounts.
• E) Concentration accounts are not needed when a firm's disbursements are all done electronically.

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that, after association with an unconditioned stimulus, elicits a reaction.

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without prior conditioning or learning.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without prior learning.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response.