The Delay That Occurs Between the Time That a Person

question 41

Multiple Choice

The delay that occurs between the time that a person writes a check and the time that check clears the person's bank is known as _____.

• A) load
• B) payback
• C) prepayment
• D) float

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Definitions:

Direct Labor

The wages or costs associated with workers who are directly involved in the production of goods or services.

Activity Level

The volume of production or the rate of operations in a business activity.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, allowing for more precise cost control.

Food And Supplies

These are consumable items bought and used in the operations of businesses, particularly in the restaurant and hospitality industries.