The Concept of _____ ______ (Chase and Stewart,1994)is Used by Organizations

question 10

Short Answer

The concept of _____ ______ (Chase and Stewart,1994)is used by organizations to help guarantee their service,by anticipating where a service failure might occur and installing preventive measures.

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Definitions:

Administrative Reason

A justification or explanation based on the requirements or procedures of management or bureaucracy.

Emergency Needs

Immediate financial requirements that arise unexpectedly, requiring quick access to funds.

Lock Boxes

A cash management service offered by banks involving the collection of payments from a corporation's customers, aiming to reduce the time it takes for companies to receive payments.

Mail Float

The time between when a payment is mailed and when it is received and processed.