A System Where the Bank Electronically Notifies a Company About

question 7

Multiple Choice

A system where the bank electronically notifies a company about customers' remittances received through the postal system is known an

• A)e-cash system.
• B)electronic lockbox.
• C)electronic funds transfer (EFT).
• D)electronic data interchange (EDI).

Identify the importance and application of emotional intelligence in management.

Explain the four functions of management and Mintzberg's managerial roles.

Comprehend the impact of globalization on job migration and strategies to address it.

Understand the hierarchical structure and the dynamics within business organizations.

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Definitions:

Cash Account

A financial account that tracks the flow of cash transactions, including receipts and payments, within a company.

Sales Discounts

Reductions in the sale price offered by a seller as an incentive for prompt payment by the buyer.

Cash Collection

The process of gathering and processing payments received from customers or clients.

Credit Terms

The conditions under which credit will be extended to a borrower, including repayment schedule, interest rate, and the lifespan of the loan.