Which of the Following Statements Is False

question 118

Multiple Choice

Which of the following statements is false?

• A) The check and remittance advice trigger the receive payment process.
• B) A bank lockbox provides more protection for cash than a system where cash receipts are mailed to the payee company and then deposited.
• C) Good funds are funds on deposit and available for use.
• D) From the standpoint of reducing the collector's float, a customer check is a better payment method than a debit card.

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Definitions:

Leadership Ethics

The study and practice of ethical standards and behaviors in leadership contexts, focusing on moral decision-making and actions.

Ethical Leadership

A leadership style that is guided by respect for ethical beliefs and values, and the dignity and rights of others, often emphasizing integrity and fairness.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief, behavior, or reasoning.

Ethical Theory

Philosophical studies that explore the principles of right and wrong conduct, often serving as the foundation for moral decision-making and actions.