A fiRm fiNds That Its Customer Base Is Growing in Geographical

question 332

Multiple Choice

A firm finds that its customer base is growing in geographical terms and needs to reduce its float by obtaining cheques from receiving locations near the customers, rather than having them send their
Cheques directly to the firm's main office. This setup is called (a) :

• A) Lockbox arrangement.
• B) Wire transfer arrangement.
• C) Cash concentration.
• D) Overnight mail.
• E) Compensating balance.

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Definitions:

Intellectual Property

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President John F. Kennedy

The 35th President of the United States, serving from 1961 until his assassination in 1963.

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Transactions that prioritize fairness, transparency, and respect for all parties involved, often emphasizing moral and ethical standards.

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A partnership where two or more companies work together to achieve objectives that are mutually beneficial.