Cash Concentration Accounts

question 59

Multiple Choice

Cash concentration accounts:

• A)are no longer needed since the Check Clearing Act for the 21^st Century has been passed.
• B)eliminate the need for lockboxes.
• C)decrease a firm's disbursement float by reducing mail and processing delays.
• D)allow firms to more efficiently handle cash.
• E)tend to decrease a firm's investment income.

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Definitions:

Behavioral

Relating to or concerned with the actions or activities of living organisms, often in response to environmental or psychological stimuli.

Multiple Measures

The use of various methods or instruments to collect data on the same variable.

Concrete Ways

Specific, tangible methods or approaches to achieve a task or realize an idea.

Counterbalanced

A method used in research to minimize the effects of order in an experiment by varying the order of conditions across different participants.