The Most Common Cash Management Technique Used to Speed Up

question 62

Multiple Choice

The most common cash management technique used to speed up collections is

• A)wire transfers.
• B)lockboxes.
• C)in-house processing.
• D)SWIFT.

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Definitions:

Token Passing

A network communication protocol where a token, or a small data packet, is passed among nodes to control which one can transmit data at any given time, preventing collisions.

Network Access Control

Security protocol that restricts the access to networks by devices based on a set of security policies or rules to protect network resources.

Transmit Data

The act of sending data from one device to another through a communication interface.

PLC System

Programmable Logic Controllers (PLCs) are specialized computers used to control industrial and mechanical processes, integrating various sensors and output devices to automate tasks.