Lockboxes

question 35

Multiple Choice

Lockboxes:

• A)should be geographically located close to a firm's primary customers.
• B)should be located in remote locations to increase the net disbursement float.
• C)offer no additional benefit to a firm now that the Check Clearing Act for the 21^st Century has been enacted.
• D)tend to be negative net present value projects for firms with a large number of sizeable transactions.
• E)tend to also be used as concentration accounts.

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Definitions:

Corticospinal Tract

A major neural pathway that runs from the brain through the spinal cord and controls voluntary muscle movement.

Spinothalamic Tract

A sensory pathway from the skin to the thalamus in the brain, important for transmitting pain and temperature signals.

Spinoreticular Tract

A neural pathway in the spinal cord involved in the processing of pain and certain reflexes.

Premotor Area

The premotor area is a region of the frontal lobe in the brain involved in planning and selecting movements before they are initiated.