The Practice of and Procedures for Moving Cash from Multiple

question 148

Multiple Choice

The practice of and procedures for moving cash from multiple banks into a firm's centralized bank account(s) is known as _____________.

• A) Cash concentration.
• B) Strategic cash disbursement.
• C) Transfer flotation.
• D) Payables management.
• E) Float management.

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Definitions:

Free Rider Problem

A dilemma in which some individuals benefit from resources or services without contributing to the cost, often encountered in the context of public goods and collective bargaining.

Union Shops

Workplaces where employees are not required to join a union as a condition of employment, but must join within a certain time period after being hired.

Union Dues

Fees paid by members to their respective unions, typically used to fund the activities and operations of the union, including bargaining and legal representation.

Binding Arbitration Clause

A provision in a contract that requires disputes to be resolved by arbitration, with the decision being final and enforceable by law.