Which One of the Following Will Decrease a Firm's Collection

question 128

Multiple Choice

Which one of the following will decrease a firm's collection time?

• A) Encouraging customers to use debit cards rather than cheques.
• B) Having payments from all locations mailed directly to the head office rather than to local post office boxes.
• C) Recording payments to customer accounts before depositing the cheques.
• D) Using a bank in a remote location as your primary bank.
• E) Assigning a single employee to open the mail and prepare the deposits rather than using a team approach.

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Definitions:

Smooth Muscles

Involuntary muscles found in the walls of internal organs and blood vessels, which contract to control various body functions.

Autonomic Nervous System

The autonomic nervous system is part of the peripheral nervous system that controls involuntary bodily functions, including heart rate, digestion, and respiratory rate.

Gray Matter

A major component of the central nervous system, consisting of neuronal cell bodies, dendrites, and unmyelinated axons, associated with processing and cognition.

Cerebral Cortex

The outer layer of the cerebrum, involved in complex brain functions like memory, attention, perception, cognition, awareness, thought, language, and consciousness.