Which Statement Is Correct

question 75

Multiple Choice

Which statement is correct?

• A)Firms cannot use lockboxes if they use cash concentration accounts.
• B)Firms prefer to increase processing delay on disbursements.
• C)Firms prefer to eliminate all types of float.
• D)Firms open regional offices so their employees can pick up lockbox payments throughout the day.
• E)The Check Clearing Act for the 21^st Century is designed to reduce total collection time to one day.

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Definitions:

Quantifiable Characteristic

An attribute or feature that can be measured or evaluated using numbers or metrics.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various methods like teaching, training, and research.

Indirect Approach

is a strategy that addresses the main point or issue at the end of a communication, creating a buildup to the main message.

Psychographics

The study of personality, values, opinions, attitudes, interests, and lifestyles to understand an audience.