Which of the Following Is Not True of Float Management

question 11

Multiple Choice

Which of the following is not true of float management?

• A) Float management involves controlling the collection and disbursement of cash.
• B) An objective of float management is to speed up the collection float.
• C) An objective of float management is to slow down disbursement float.
• D) Float management will succeed if the firm can collect late and pay early.

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Definitions:

Operations

The day-to-day activities and processes undertaken by a business to produce goods or provide services efficiently and effectively.

Legal Responsibility

The obligation to act according to the law, being subject to legal penalties or liabilities for failing to do so.

Corporate Behaviour

Refers to the actions and policies of a company, influencing its culture and external perceptions.

External Regulations

Rules, laws, and guidelines imposed by external entities that an organization must comply with.