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Each of the Following Is a Required Component of an Approved

question 53

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Each of the following is a required component of an approved hospital cancer program except:


Definitions:

Cash Management System

A framework used by companies and individuals to manage, monitor, and control their cash flow and liquidity efficiently.

Disbursement Float

The time delay between when a check is written and the funds are actually deducted from the payer's account.

Collections Float

The time gap between when a check is deposited in a bank and when the funds become available, affecting the cash flow of the business.

Credit Department

The division within a company or financial institution that is responsible for managing customer credit and collecting payments.

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