Which One of the Following Is Most Likely the Fastest

question 102

Multiple Choice

Which one of the following is most likely the fastest method of collecting cash?

• A)Requiring customers to submit all payments to a lockbox
• B)Requiring customers to submit all payments to the home office
• C)Initiating a financial electronic data interchange at the time of sale
• D)Offer customers credit terms of 1/5, net 15
• E)Eliminating all disbursement float

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Definitions:

Aggregate Supply Curve

A graphical representation that shows the relationship between the overall price level in an economy and the total output produced by firms.

Aggregate Demand Curve

Represents the total quantity of all goods and services demanded by the economy at different price levels.

Aggregate Demand Curve

A curve that represents the total demand for all goods and services in an economy at different price levels, holding all else constant.

Price Level

An index that measures the average prices of goods and services within an economy over a period of time.