Which of the Following Is True of Collection Float

question 209

Multiple Choice

Which of the following is true of collection float?

• A) It represents the time delay between when payment is placed in the mail and when it is received.
• B) It represents the time between receipt of a payment and its deposit into a firm's account.
• C) It results from the lapse between the time when a firm deducts a payment from its checking account ledger and the time when funds are actually withdrawn from its account.
• D) It results from the delay between the time when a customer deducts a payment from the checking account ledger and the time when the vendor actually receives the funds in a spendable form.

Place value on individual contributions while fostering a team-oriented approach within organizations.

Acquire insight into the rapid technological changes and their implications for organizational strategies and operations.

Understand the unique aspects and value of organizational behavior in comparison to other business disciplines.

Comprehend the concept of diversity, including primary and secondary categories, and examples of each.

---

Definitions:

Charleston Harbor

A significant historical and geographical location in South Carolina, known as the site of the first shot fired in the American Civil War at Fort Sumter.

Draft Riots

Refers to the violent disturbances in New York City in 1863, largely in protest against the draft for the Civil War, highlighting class and racial tensions.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Servicemen

Members of the armed forces who are serving their country, including personnel from the army, navy, air force, and other military branches.