Which of the Following Is Not a Benefit of Using

question 51

Multiple Choice

Which of the following is not a benefit of using EIPP in the business-to-business market?

• A) Reduced float to the receiving party
• B) Lower cost of receivables processing for the receiver and payment initiation and reconciliation costs for the payer
• C) Better forecasting for both receiver and payer
• D) Lower cost of receivables processing for the payer and payment initiation and reconciliation costs for the receiver.
• E) All of the above are benefits

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Definitions:

Actions

A term that might refer to the various steps or measures taken by an individual or organization; however, in a specific accounting or financial context, it's too vague without further qualification.

Proprietorship

A business owned and operated by a single individual, where the owner and the business are legally considered the same entity.

Neighborhood Barber Shop

A locally-operated business that provides hair cutting and grooming services primarily for male clients in a specified area.

Owner

The individual or entity that holds the legal right or title to an object, property, or enterprise.