Efficient Funds Management Attempts to Reduce Mailing and Clearing Time

question 15

Multiple Choice

Efficient funds management attempts to reduce mailing and clearing time.Two methods do this by:

• A)moving collections and deposits closer together in concentration banks; and moving surplus funds quickly by wire transfers.
• B)moving mailing points to cross country locations and using depository drafts to transfer funds.
• C)drawing checks against zero balance accounts and using cross country mailing.
• D)wiring funds to zero balance accounts and using lockboxes in many cities.
• E)None of the above.

Know the differences between directional and nondirectional hypotheses and tests.

Understand the process of hypothesis testing including the role of the null hypothesis.

Comprehend the significance of sampling error in research.

Recognize the importance of sample representativeness for generalizability.

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Definitions:

Class Conflict

The tension or antagonism between different social classes, often arising from disparities in wealth, power, and interests.

Talcott Parsons

An American sociologist known for developing several theories on society, social action, and systems, most notably his action theory and system theory.

Karl Marx

A German philosopher, economist, and revolutionary socialist known for his critique of capitalism and contribution to the development of Marxist theory.

Max Weber

Max Weber was a German sociologist, philosopher, and political economist, whose ideas influenced social theory, social research, and the discipline of sociology itself.