Which One of the Following Is an Expected Result of the Check

question 6

Multiple Choice

Which one of the following is an expected result of the Check Clearing Act for the Century?

• A) Firms will have to wait three days before having access to their deposited funds.
• B) Zero-balance accounts will be eliminated.
• C) Lockboxes will be prohibited.
• D) Collection float, but not disbursement float, will be reduced.
• E) Both collection and disbursement float will be reduced.

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Definitions:

Strategy-making Modes

Different approaches through which organizations develop and implement strategies.

Farsightedness

The ability to anticipate and consider future consequences and trends in decision-making or planning, often associated with strategic thinking.

Technological Synergy

The phenomenon where the interaction or cooperation of two or more technologies produce a combined effect greater than the sum of their separate effects.

Strategic Management

The process of setting goals, conducting analyses, making decisions, and implementing strategies in an organization to achieve its long-term objectives.