A System of Handling Cash Receipts by Mail Whereby Customers

question 152

Multiple Choice

A system of handling cash receipts by mail whereby customers remit payments directly to the bank, rather than through the company's mail is a(n) :

• A) imprest system.
• B) lock-box system.
• C) phishing system.
• D) online banking system.

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Definitions:

Personal Adequacy

A sense of self-sufficiency, competence, and confidence in one's abilities and qualities.

Independence

The state or quality of being self-reliant and free from outside control or support in one's actions and decisions.

Silence

The absence of any sound or noise; it can also refer to the practice of refraining from speaking as a form of communication or as a meditative technique.

Reflection

The process of introspectively considering one's experiences, actions, and feelings to gain insights or understandings.