Which One of the Following Collection Times Is Correctly Described

question 75

Multiple Choice

Which one of the following collection times is correctly described?

• A) The processing delay starts when a bill is mailed and ends when the payment is received.
• B) Mailing time begins when a bill is mailed and ends when the payment is received.
• C) Collection time begins when a bill is mailed and ends when the cash payment is available for spending.
• D) Availability delay begins when a payment is deposited and ends when the cash from that payment is available for spending.
• E) Processing delay begins when a bill is mailed and ends when the payment of that bill is deposited into the bank.

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Definitions:

Prejudice

A preconceived opinion or judgment towards people or things, often based on stereotypes rather than actual experience or knowledge.

Discrimination

Unfair or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true, due to the feedback between belief and behavior.

Employee Performance

The extent to which an employee fulfills their job duties and contributes to their organization’s goals.