Because It Helps Put Things into Perspective, One of the Best

question 537

Multiple Choice

Because it helps put things into perspective, one of the best antidotes for anxiety and emotional distress involves

• A)laughing at life's ups and downs.
• B)logically analyzing the source of the stress.
• C)occasionally denying stressful problems.
• D)quickly eliminating the source of the stress.

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Definitions:

Collection Time

The typical duration a company waits to collect payments from its clients following a sale.

Lockbox System

A service offered by banks to process payments quickly by having those payments mailed directly to a secure post-office box, from which the bank collects and deposits into the company's account.

Cheque Clearing

The process by which banks settle transactions made by cheques, transferring funds from the issuer's account to the payee's account.

Total Collection Time

The total time taken from issuing an invoice to the receipt of payment from customers.