Purposeful Thinking Involves Trying to Achieve a Balance Between Work

question 36

True/False

Purposeful thinking involves trying to achieve a balance between work life and personal life, while continually striving for goals.

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Definitions:

Eliminating Float

Strategies or processes aimed at reducing the time delay between when a check is written and when it clears the banking system.

Total Float

The amount of time that a project task can be delayed without causing a delay to subsequent tasks or the project's completion date.

Net Collection Float

The difference between check deposits recorded in the book balance and the amount of checks that have actually been cleared or credited to the bank account.

Outstanding Cheques

Cheques issued by a company that have not been deposited or cashed by the recipient by the end of the accounting period.