A Zero-Balance Account Is Designed To

question 56

Multiple Choice

A zero-balance account is designed to:

• A) provide early notification of checks that will be presented against a company's account on a given day.
• B) help combat a common type of check fraud.
• C) provide a company with outsourcing of its accounts payable or disbursement operations.
• D) eliminate nonearning cash balances in corporate checking accounts.

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Definitions:

Initially Identified

The first recognition or discovery of something or someone in a particular context.

Tightly Controlled Conditions

Experimental settings where variables are strictly managed to ensure that the results can be accurately attributed to the factors being tested.

Hypotheses

Proposed explanations or predictions for a phenomenon, made as a starting point for further investigation.

Indirect Observations

Observations made through the use of instruments or tools rather than through direct sensory experience.