Which of the Following Should Help Reduce the Total Collection

question 67

Multiple Choice

Which of the following should help reduce the total collection time for a firm?
I.opening a post office box so mail can be received earlier in the morning
II.assigning additional staff in the morning to process incoming payments
III.providing a discount for customers who pay electronically
IV.establishing preauthorized payments from customers

• A)I and II only
• B)III and IV only
• C)II, III, and IV only
• D)I, II, and IV only
• E)I, II, III, and IV

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Definitions:

Data

Information collected for reference or analysis, often used to inform decisions or understand trends.

Conclusions

The judgments or decisions reached after careful consideration of facts and observations.

Intuition

The ability to understand or know something immediately, based on a gut feeling rather than conscious reasoning.

Cross-cultural Communication

The practice of recognizing and understanding the differences and similarities across cultures to communicate effectively in a global context.