Which of the Following Is Not a Type of Location

question 66

Multiple Choice

Which of the following is not a type of location tolerance?

• A) position
• B) symmetry
• C) perpendicularity
• D) concentricity
• E) none of the above

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Definitions:

Availability Delay

The lag time between when a deposit is made in a bank account and when the funds are available for use.

Bank Releases

Legal documents indicating that a bank has released its claim on assets, typically after a loan has been paid off.

Collection Time

The typical duration a company waits to collect payments from its clients following a sale.

Lockbox System

A service offered by banks to process payments quickly by having those payments mailed directly to a secure post-office box, from which the bank collects and deposits into the company's account.