Processing Float Is the Delay Between the Receipt of a Check

question 156

True/False

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

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Definitions:

Competency

The ability to do something successfully or efficiently, often referencing skills or knowledge in a specific area.

Justice

The principle of fairness and the administration of the law; dealing with the determination of rights and the assignment of rewards and punishments.

Culture

The shared values, beliefs, norms, and practices of a particular group of people, which influence their behavior and perceptions.

Employee Relations

The efforts and strategies employed by an organization to manage the relationship between the employer and employees.