Which of the Following Is LEAST Relevant to an Effective

question 35

Multiple Choice

Which of the following is LEAST relevant to an effective employee suggestion system?

• A) focus on key organizational goals
• B) simple submission process
• C) monetary reward option
• D) senior management support

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Definitions:

Receivable into Cash

The process or activity of converting money that is owed to a company by its customers into actual cash, usually through collection efforts.

Excess Cash

Funds that exceed the normal operating needs of a company, which might be used for investments, acquisitions, or improving financial ratios.

Marketable Securities

Financial instruments that can easily be converted to cash due to their high demand and short maturity period.

Lockbox System

A service offered by banks to companies for the receipt of payment from customers, under which payments are sent directly to a location accessible by the bank.