Your Professor Asked You to Review a Website and Report

question 7

Multiple Choice

Your professor asked you to review a website and report on whether or not it contained credible information. What level of Bloom best captures the intent of this task?

• A) Evaluating
• B) Remembering
• C) Creating
• D) Understanding

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Definitions:

Net Float

The difference between checks written against and deposited in an account, before those checks have been cleared and settled.

Money Market Securities

are short-term financial instruments, such as treasury bills and commercial paper, that provide liquidity and relatively low risk.

Average Daily Receipts

The average amount of cash received by a business on a daily basis, calculated over a specific period of time.

Collection Delay

The lag between the time when a payment is made by a customer and when the funds are actually available for use by the recipient.