Which of the Following Will Not Help a Firm Speed

question 149

Multiple Choice

Which of the following will not help a firm speed up the timing of when it can obtain the use of funds from checks written to it?

• A) Lockbox arrangement.
• B) Concentration banking.
• C) Zero-balance accounts.
• D) All of the above.
• E) Only answers a and b.

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Definitions:

Ratify

To formally approve or confirm an agreement, treaty, or amendment, making it officially valid.

Misrepresentations

False statements or lies that are made with the intention of deceiving or misleading someone, often in a legal or contractual context.

Principal

The main party to a transaction, who has the primary responsibility, or in an agency relationship, the person for whom the agent acts.

Agent

A person authorized to act on behalf of another (known as the principal) in business transactions or other matters.