A Lock-Box System Reduces

question 169

Multiple Choice

A lock-box system reduces

• A) mail float.
• B) transit float.
• C) disbursing float.
• D) A and B

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Definitions:

Inflation

The speed at which prices for goods and services generally go up, diminishing the buying power.

Industrial Base

The sector of the economy made up of manufacturing, engineering, and infrastructure companies, which is fundamental for a country's economic development.

John D. Rockefeller

John D. Rockefeller was an American industrialist and philanthropist, best known for founding and leading the Standard Oil Company.

Andrew Carnegie

A 19th-century industrialist and philanthropist who led the expansion of the American steel industry.