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:

PHStat

An Excel add-in designed to perform statistical analysis, it provides tools for statistical tests, data analysis, and graphical presentations.

Coefficient of Variation

A standardized measure of dispersion of a probability distribution or frequency distribution, calculated as the ratio of the standard deviation to the mean.

PHStat

An Excel add-in that enhances the statistical capabilities of Microsoft Excel, providing tools for statistical analysis and decision-making.

Return to Risk Ratio

A measure that compares the expected returns of an investment to the risk or volatility associated with it.