Which of the Following Statements Is False

question 118

Multiple Choice

Which of the following statements is false?

• A) The check and remittance advice trigger the receive payment process.
• B) A bank lockbox provides more protection for cash than a system where cash receipts are mailed to the payee company and then deposited.
• C) Good funds are funds on deposit and available for use.
• D) From the standpoint of reducing the collector's float, a customer check is a better payment method than a debit card.

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Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, reflecting the organization's operational, investing, and financing activities.

Market Share

The percentage of an industry's sales that a particular company controls within a specific time period.

Co-branding

A marketing partnership between two or more companies where their products or services are combined and marketed under joint branding.

Brand Licensing

The agreement that allows one company to use another's brand name, trademark, or intellectual property for a fee, expanding brand presence and generating revenue.