The Presque Isle Center Has Branch Operations in Three States

question 50

Multiple Choice

The Presque Isle Center has branch operations in three states.Each branch deals with a local bank.However,all excess funds in these branch bank accounts are transferred on a daily basis to the firm's primary bank located near the firm's home office.This routine of transferring cash to the primary bank on a regular basis is referred to as:

• A)cash concentration.
• B)strategic cash disbursement.
• C)transfer flotation.
• D)payables management.
• E)float management.

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Definitions:

Tight Structures

Organizational frameworks characterized by strict rules, procedures, and hierarchical relationships intended to ensure control and order.

Horizontal Form

An organizational structure that emphasizes teamwork and collaboration across departments without a strict hierarchy.

Organic Designs

An approach to organizing and designing workplaces that is flexible, adaptable, and focused on collaboration and networking, in contrast to rigid, hierarchical structures.

Laissez-Faire Systems

A hands-off approach, especially in the context of leadership or economics, where individuals or entities operate with minimal interference or control from authorities.