Which of the Following Arrangements Helps a Firm Both to Accelerate

question 16

Multiple Choice

Which of the following arrangements helps a firm both to accelerate the collection of its customers' payments and to convert those payments into cash?

• A)Lockbox arrangement
• B)Controlled disbursement accounts
• C)Economic ordering quantity
• D)Payables concentration
• E)Zero-balance accounts

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Definitions:

Systems

Organized sets of principles or procedures according to which something is done; an assemblage of interrelated elements that function as a whole.

Procedures

A set of established methods or steps taken to perform a task or solve a problem.

Organized Way

A methodical and systematic approach to completing tasks or achieving goals, emphasizing planning and structure.

Social Contact

Interactions and relationships between individuals or groups that provide emotional support, companionship, and a sense of belonging.