An Ill-Structured Problem Is One Where the Existing State Is

question 83

True/False

An ill-structured problem is one where the existing state is unclear and the desired state is clear.

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Definitions:

Collection Float

The time period between when a check is written and deposited and when the funds are actually available in the payee's account.

Net Float

Net float is the difference between the balance according to the bank's records and the balance according to the company's records, due to checks or other transactions in the process of clearing.

Collection Float

The time period between when a check is deposited in a bank and when the funds are made available, reflecting the bank's processing time.