A Lockbox System

question 80

Multiple Choice

A lockbox system:

• A) entails the use of a bank that is centrally located to collect payments on a nationwide basis.
• B) is designed to deposit payments prior to recording those payments to the customers' accounts.
• C) is used to reduce disbursement float.
• D) is efficient regardless of the locations selected for lockbox destinations.
• E) automatically records payments to customers' accounts as soon as the payments are received at the lockbox location.

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Definitions:

Nursing Diploma Program

An educational program that prepares students for nursing practice, typically focusing on practical skills and lasting about two to three years.

Nursing Shortage

A critical shortage of available nursing staff relative to the demand for nursing and healthcare services.

In-Service Education

A program administered by an employer that is designed to upgrade the knowledge or skills of employees, such as informing nurses about a new piece of equipment, about specific isolation practices, or about methods of implementing a nurse theorist’s conceptual framework for nursing.

Continuing Education

Structured programs offering further learning opportunities to professionals to enhance their skills, knowledge, and credentials after formal education.