All of the Following Are Different Techniques That Can Be

question 117

Multiple Choice

All of the following are different techniques that can be used to help firms reduce collection float EXCEPT

• A) using drafts.
• B) using wire transfers.
• C) using concentration banking.
• D) using a lockbox system.

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Definitions:

Rule-Based Ethics

An ethical framework where actions are judged right or wrong based purely on adherence to a set of rules or ethical guidelines.

Consequential Ethics

An ethical approach that evaluates the morality of actions based on their outcomes or consequences.

Demographic Trends

Patterns of changes in population characteristics over time such as age, race, and gender distributions.

Culturally Diverse

Referring to the inclusion of individuals from a variety of cultural, ethnic, and racial backgrounds, enhancing creativity and problem-solving within groups or organizations.