The Benefits of a Lockbox Arrangement with a Bank Are

question 91

Multiple Choice

The benefits of a lockbox arrangement with a bank are maximized when

• A)the bank is located nearby to the company,so remittance advices can be delivered to the company every day.
• B)several banks around the country are used,in order to minimize the time payments spend in the mail.
• C)an arrangement is made with only one bank,so all remittance advices can be batched for processing.
• D)the bank deposits the payments and accesses the customer's information system to record the payments.

---

Definitions:

Perceptual Organization

The process by which the brain organizes sensory input into coherent images and objects, helping us make sense of our visual world.

Complementary Colors

Pairs of colors that, when combined, cancel each other out to produce a grayscale color like white or black, and when placed next to each other, enhance each other's brightness.

Sensorineural Deafness

A type of hearing loss resulting from damage to the inner ear (cochlea) or to the nerves that connect the ear to the brain.

Selective Deafness

A psychological condition where an individual may unconsciously ignore or not process auditory information or sounds that they find distressing or overwhelming.