Methods Used to Speed Up Collections Include All of the Following

question 108

Multiple Choice

Methods used to speed up collections include all of the following except:

• A)a lockbox system
• B)remote disbursement locations
• C)pre-authorized checks
• D)All of the statements above are correct.

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Definitions:

Mental Visualizes

The act of creating mental images or scenarios in one's mind, often used as a technique in planning, problem-solving, and creative visualization.

Certain Location

A specific, identifiable place or position in space.

Echoic Memory

A form of sensory memory that retains auditory information for a short period, typically up to several seconds after the original sound has ceased.

Sensory Memory

The shortest-term element of memory, it allows individuals to retain impressions of sensory information after the original stimuli have ended.