A Lockbox System

question 28

Multiple Choice

A lockbox system:

• A)entails the use of a bank which is centrally located to collect payments on a nationwide basis.
• B)is designed to deposit a customer's check into the firm's bank account prior to recording the receipt of that check to a customer's account.
• C)is used to reduce the disbursement float of a firm.
• D)is efficient regardless of the locations selected for lockbox destinations.
• E)automatically records payments to a customer's account when the customer's check is received at the lockbox location.

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Definitions:

Energy Metabolism

The set of chemical reactions that occur within a living organism to convert energy from food into a form that cells can use.

Neuropeptide Y

A neurotransmitter found in the brain and autonomic nervous system, involved in regulating a variety of physiological processes such as appetite, stress response, and circadian rhythms.

Leptin

A hormone produced by adipose (fat) cells that helps to regulate energy balance by inhibiting hunger.

Insulin

A hormone produced by the pancreas that regulates blood glucose levels by facilitating the uptake of glucose into tissues.