Which Statement Is True Concerning a Controlled Disbursement Account

question 44

Multiple Choice

Which statement is true concerning a controlled disbursement account?

• A)The number of checks that can be disbursed on any one day is limited.
• B)The bank will inform the firm of the amount that needs to be transferred on a daily basis.
• C)The amount that can be disbursed on any given day is limited to the balance in the account when the bank opens in the morning.
• D)The total number of checks that can be written in any one month is limited.
• E)The amount of the disbursements is limited to the amount the firm has available on its bank line of credit.

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Definitions:

Undifferentiated

A marketing strategy that ignores market segment differences and targets the whole market with one offer or marketing mix.

Employee Development

Initiatives and programs aimed at improving staff skills, competencies, and career prospects for better performance and job satisfaction.

Compensation

The complete sum of cash and non-cash compensation given to an employee by an employer in exchange for the work done as requested.

Internal Marketing

The notion that a service organization must focus on its employees, or internal market, before successful programs can be directed at customers.