Which One of the Following Statements Is Correct

question 8

Multiple Choice

Which one of the following statements is correct?

• A) Firms cannot use lockboxes if they use cash concentration accounts.
• B) Firms prefer to increase processing delay on disbursements.
• C) Firms prefer to eliminate all types of float.
• D) Firms open regional offices so their employees can pick up lockbox payments throughout the day.
• E) The Check Clearing Act for the Century is designed to reduce the collection time to one day.

---

Definitions:

Shutterstock

Shutterstock is an online repository and agency providing stock photos, vectors, illustrations, and video clips to users under a licensing agreement.

Logic Pro X

A professional digital audio workstation (DAW) application developed by Apple Inc. for music production and audio editing.

Video Editing Program

Software used for editing, processing, and modifying video files to enhance or change their content and format.

Music Video

A short film integrating a song and imagery, produced for promotional or artistic purposes.