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There Are Three Types of Change Described in the Text

question 14

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There are three types of change described in the text: personal,professional,and organizational.Which of the following is an example of a professional change?


Definitions:

Balance

The amount of money held in a financial account at any moment, reflecting all transactions.

Account

A record summarizing all the transactions pertaining to a single item in the accounting equation.

Lockbox Services

Bank-provided services that expedite the collection and processing of account receivable payments by having them sent directly to a secure post office box.

Collection Funds

Monies that are being gathered or have been gathered for a specific purpose, often related to financial transactions or payments.

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