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Which of These Practices Will Reduce a Firm's Collection Float

question 96

Multiple Choice

Which of these practices will reduce a firm's collection float?
I.Installing a lockbox system
II.Utilizing zero-balance accounts
III.Depositing checks daily rather than weekly
IV.Reducing the processing delay by one day


Definitions:

Geodemographic Database System

A system that combines demographic, geographic, and socio-economic data for use in market analysis and segmentation.

Distribution Intermediaries

Firms or individuals such as brokers and retailers that act as middlemen in the sales chain, helping to move products from producers to consumers.

Accessibility

The ease with which people can use and access facilities or services, including those with disabilities.

Site Selection

The process of determining the most suitable location for a business or project, considering factors like cost, accessibility, and market potential.

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