Processing Float Is the Delay Between the Receipt of a Check

question 237

True/False

Processing float is the delay between the receipt of a check by a payee and its deposit in firm's account.

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Definitions:

Strategic Objectives

Strategic objectives are specific goals that an organization aims to achieve, aligned with its overall vision and strategy, serving as a guide for its operational activities.

Statistical Analysis

The process of applying statistical techniques to interpret, summarize, and draw conclusions from collected data.

Measure Map

A visual tool used in process improvement to document, analyze, and communicate steps, decisions, and metrics involved in a process.

Strategy Map

A visual tool used in strategic planning to communicate the primary strategic objectives to be achieved by an organization.