Which One of the Following Statements Is Correct

question 9

Multiple Choice

Which one of the following statements is correct?

• A)Funds received via automated clearinghouse transfers are available that day.
• B)A depository transfer check is the most costly means of transferring funds into a cash concentration account.
• C)The means selected to transfer funds into a concentration account depends primarily upon the size of the transfers.
• D)Concentration accounts are used to transfer funds to lockbox locations as needed.
• E)The most expedient means of transferring funds into a concentration account is a wire transfer.

---

Definitions:

Principle of Parsimony

A methodological principle suggesting that the simplest explanation is often the correct one when comparing theories with equal predictive capabilities.

Parsimonious

A characteristic of an explanation or theory that requires the fewest assumptions, variables, or changes to be effective or accurate.

Replicable

Capable of being repeated or duplicated under the same conditions, allowing for the verification of results.

Statistically Significant

A determination that a result from data analysis is not likely to have occurred by chance alone, indicating a true effect or difference.