To Minimize Collection Float, a Firm Should Do Which of the Following

question 97

Multiple Choice

To minimize collection float, a firm should do which of the following?
I.Deposit its collections at least daily
II.Make sure all checks it receives at the sales counter are properly dated and signed
III.Pay its bills in a more timely manner
IV.Eliminate its regional lockboxes and have only one central lockbox located near the firm's home office

• A)I and II only
• B)III and IV only
• C)II, III, and IV only
• D)I, II, and III only
• E)I, II, III, and IV

---

Definitions:

Significant Others

People whose views and attitudes are very important and worthy of consideration. The reflected views of a significant other have great influence on the individual’s self-concept and self-regulation.

Social Psychology

The scientific study of how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Rewards

Benefits or positive outcomes that are given in response to an individual's actions or behaviors, often used as a form of encouragement or motivation.

Positions

The roles or rankings that individuals occupy within a social or organizational structure.