Examlex

Solved

In Business Process Modeling Notation (BPMN) Diagrams, a Square with a Plus

question 23

Multiple Choice

In Business Process Modeling Notation (BPMN) diagrams, a square with a plus sign means that ________.


Definitions:

Disbursement Float

The interval between the issuance of a check and the actual deduction of the amount from the issuer's account.

Lockbox System

A service provided by banks to companies for the collection of payments from customers, whereby payments are sent to a special post office box instead of to the company.

Cash Concentration Account

A bank account used by companies to consolidate and manage cash from multiple locations or accounts, improving liquidity management.

Collection Float

The time delay between when a check is written and when it is actually deducted from the payer's account, impacting the receiver's cash flow.

Related Questions