The Net Float Is the Difference Between the Disbursement Float

question 56

True/False

The net float is the difference between the disbursement float and the collections float.

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Definitions:

Warranty

A guarantee provided by a seller or manufacturer to a buyer that a product will meet certain performance and quality standards over a specified period.

Manufacturing Cycle Efficiency (MCE)

A performance metric that measures the efficiency of the manufacturing process, calculated as the value-added time divided by the total cycle time.

Quality of Conformance

The degree to which a product or service meets the specified standards and customer expectations.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor performance against strategic goals.