The Disbursement Float Is the Delay in Transferring the Means

question 24

True/False

The disbursement float is the delay in transferring the means of payment from the payor (customer) to the payee (the provider of goods or services).

---

Definitions:

Continuous Change

A process or state where changes and updates occur frequently and systematically within an organization or system to adapt to external or internal demands.

Lessons of Experience

The knowledge and insights gained from personal and professional experiences, contributing to one's understanding and capabilities.

Learning Organisation

An entity that actively facilitates the learning of its members and continuously transforms itself to achieve superior outcomes.

Bureaucratic Organisation

A structured, formal organization characterized by fixed rules, a clear hierarchy, and detailed procedures and protocols to manage activities.