A Business Can Have Their Customers Pay Directly to the Bank

question 18

Multiple Choice

A business can have their customers pay directly to the bank. This is a(n) ________ system and can reduce theft.

• A) direct
• B) receivable
• C) lock-box
• D) imprest

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Definitions:

Linear Regression

A mathematical technique that models the link between a dependent variable and one or more independent variables through fitting a linear equation to the data observed.

Table Value

Corresponds to a specific number found in a statistical table that is used to determine the critical value for hypothesis testing, often associated with a particular significance level.

Coefficients Of Correlation

Numerical measures that quantify the strength and direction of the linear relationship between two variables.

Linear Relationship

A relationship between two variables where a change in one variable is associated with a proportionate change in the other variable.