All of the Following Are False Except

question 64

Multiple Choice

All of the following are false except:

• A) the mail float is caused by the time lapse from the moment a firm receives the check and begins to process it.
• B) the processing float is caused by the time necessary for a bank to process the check.
• C) the transit float is caused by the time lapse from the moment a customer mails a check until the firm begins to process it.
• D) the disbursing float derives from the fact that funds remain in a firm's bank account until its payment check is cleared through the banking system.

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Definitions:

Average Productivity

The total output of a production process divided by the number of units of input, measuring efficiency in using inputs to produce outputs.

Noncompeting Groups

Collections of workers who do not compete with each other for employment because the skill and training of the workers in one group are substantially different from those of the workers in other groups.

Geographic Immobility

Refers to the inability or reluctance of labor force or resources to move from one location to another, often due to economic, social, or personal factors.

Compensating Differences

Wage differentials that are paid to workers to offset the undesirable aspects of a job or to compensate for risks associated with the job.