A System by Which Firms Assign Their Customers for Collection

question 21

Multiple Choice

A system by which firms assign their customers for collection purposes to regional banks that transfer funds to a central bank is known as:

• A) a lock-box system.
• B) a zero-balance account.
• C) a wire transfer.
• D) concentration banking.

---

Definitions:

Past Performance

Previous accomplishments or performance levels, often evaluated in various contexts like job applications or investment strategies.

Control

In scientific experiments, the standard conditions that the experimental groups are compared against.

Behavior Change

A process of altering habits, actions, or attitudes to improve health, meet personal goals, or adapt to new situations.

Rewards

Benefits or compensations provided in response to someone's action, effort, or behavior, often used as a motivational tool.