Lockboxes

question 35

Multiple Choice

Lockboxes:

• A)should be geographically located close to a firm's primary customers.
• B)should be located in remote locations to increase the net disbursement float.
• C)offer no additional benefit to a firm now that the Check Clearing Act for the 21^st Century has been enacted.
• D)tend to be negative net present value projects for firms with a large number of sizeable transactions.
• E)tend to also be used as concentration accounts.

---

Definitions:

Finally Block

A block of code in many programming languages that is executed after a try block, regardless of whether an exception was thrown or caught.

Try Block

A block of code in programming that is used to encapsulate a segment where exceptions might occur, allowing for exceptions to be caught and handled.

Execution

The process of running a program or command, whereby the code is carried out by the computer's CPU.

Try Block

A code structure used to handle exceptions, allowing a program to try executing code that might throw an error.