Examlex

Solved

Which of the Following Is Not Considered an Important Part

question 45

Multiple Choice

Which of the following is not considered an important part of the scientific method?


Definitions:

Ledger Float

The time difference between when a check is written and when it is actually deducted from the payer's account.

Collection Float

The time period between when a check is deposited into a bank account and when the funds are available.

Lockbox System

A service offered by banks to companies for the collection of payments from customers, speeding up the process of receiving and depositing checks.

Collection Float

The time between when a check is deposited into a bank and when the amount is credited, affecting cash flow management.

Related Questions