Which One of the Following Is a Primary Benefit of Implementing

question 104

Multiple Choice

Which one of the following is a primary benefit of implementing zero-balance accounts into a cash management system?

• A)Increased disbursements float
• B)Total elimination of all safety stocks
• C)Additional cash availability
• D)Decreased collection float
• E)Elimination of all float

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Definitions:

Mistake

An error or misunderstanding in the terms or conditions of a contract that can lead to its revocation or modification if all parties agree or if a court intervenes.

Mortgage

A legal agreement where property is used as security for a loan, with the condition that the conveyance of title becomes void upon repayment of the loan.

Consideration

Something of value which is given by each party to a contract that induces them to enter into the agreement to exchange mutual performances.

HTC Smartphone

A line of smartphones produced by HTC Corporation, known for its innovation in mobile technology and design.