"Float" Takes Place Because

question 6

Multiple Choice

"Float" takes place because

• A) a firm is early in paying its bills.
• B) the level of cash on the firm's books is equal to the level of cash in the bank.
• C) a lag exists between writing a check and clearing it through the banking system.
• D) a customer writes checks without adequate supporting balances.

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Definitions:

Language

A shared symbol system of rules and meanings that governs the production and interpretation of speech.

Cultural Change

The transformation of a society or culture through innovation, invention, discovery, or contact with other cultures.

Situational Ethics

An ethical theory proposing that moral decisions should be based on the context of a situation, rather than on fixed laws or norms.

Business Behavior

Refers to the actions and strategies of companies as they engage in various business operations and interactions.