Companies Use a Bank Lock-Box System To

question 42

Multiple Choice

Companies use a bank lock-box system to:

• A)ensure that all checks are properly received by the company's mailroom employees.
• B)get the cash to the bank in a more timely manner.
• C)allow the bank to post collections to customers' Account Receivable accounts.
• D)increase internal controls over their purchase and payment processes.

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Definitions:

Cultures

The shared patterns of behaviors, values, customs, beliefs, and artifacts that members of a society use to cope with their world and with one another.

Marriage

A socially or legally recognized union between individuals that establishes rights and obligations between them.

Human Sexual Behavior

The various ways in which humans express and experience sexuality, encompassing a wide range of activities and preferences.

Social Rules

Unwritten guidelines that dictate the behavior expected of individuals within a society or group.