__________ Is a Technique Used to Reduce Float by Having

question 62

Multiple Choice

__________ is a technique used to reduce float by having payments sent to post office boxes located near the customer.

• A) Postal deposit system
• B) Preauthorised debit system
• C) Concentration banking
• D) Lockbox arrangement
• E) Zero-balance account

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Definitions:

Inelastic

Describing demand or supply that is relatively unresponsive to changes in price, meaning the quantity demanded or supplied changes by a smaller percentage than the change in price.

Output Level

The quantity of goods or services produced by a business or economy during a specific period.

Revenue Curves

Graphical representations that show how a firm's revenue changes in response to changes in price, holding other factors constant.

Total Revenue

The overall amount of money earned by a company from the sale of its goods or services, calculated as the price per unit times the number of units sold.