Although Fans of a Particular Athletic Team May, Like Ethnic

question 30

Multiple Choice

Although fans of a particular athletic team may, like ethnic groups, have a sense of community (for example, "Red Sox Nation") , they are not an ethnic group because:

• A)they lack a common cultural heritage.
• B)they are made up of people with different racial traits.
• C)they are not territorially defined.
• D)the origins of their ancestors are unknown.

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Definitions:

Lockbox System

A service offered by banks to companies for the receipt of payment from customers, involving the collection and processing of cheque payments at a secure location.

Collection Time

The average period a company takes to collect payments owed by its customers.

Lockbox Fee

A charge by banks for the service of collecting payments through a secured post office box and processing them for the account holder.

Money Market Securities

Short-term financial instruments, typically with high liquidity and very low risk, used by individuals and corporations to manage cash.