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.

---

Definitions:

Unfavourable Outcomes

Negative results or consequences that do not meet the desired objectives or expectations.

Trait Theory

A theory that suggests leaders possess certain traits or characteristics that contribute to their leadership effectiveness.

Leadership

The process of influencing and guiding individuals or groups to achieve goals, often involving vision, motivation, and strategic direction.

Initiating Structure

A leadership behavior that involves setting up roles, tasks, and guidelines to organize work and establish clear pathways to goal achievement.