To Minimize Collection Float, a Firm Should Do Which of the Following

question 97

Multiple Choice

To minimize collection float, a firm should do which of the following?
I.Deposit its collections at least daily
II.Make sure all checks it receives at the sales counter are properly dated and signed
III.Pay its bills in a more timely manner
IV.Eliminate its regional lockboxes and have only one central lockbox located near the firm's home office

• A)I and II only
• B)III and IV only
• C)II, III, and IV only
• D)I, II, and III only
• E)I, II, III, and IV

---

Definitions:

Dominant Classes

Social groups that hold the most power, wealth, and status in a society, often shaping its policies, norms, and ideologies.

Own Land

The legal right of possessing, using, and controlling a particular piece of land.

Small-Scale Producers

Individuals or businesses engaged in the production of goods on a limited scale, often characterized by handcrafted or artisanal methods.

Dominant Class

Refers to the social group holding the most power, wealth, or influence within a society at a given time.