The Most Common Cash Management Technique Used to Speed Up

question 19

Multiple Choice

The most common cash management technique used to speed up collections is:

• A) concentration banking.
• B) wire transfers.
• C) lockbox systems.
• D) in-house processing.

Understand the basic concepts of property ownership and title.

Define and differentiate between tangible and intangible property.

Recognize the legal requirements and implications of bailments, including the rights and duties of bailors and bailees.

Identify the elements necessary for the enforceability of promises or gifts.

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Definitions:

Oppression

The exercise of authority or power in a burdensome, cruel, or unjust manner.

Novation

is the process of substituting a new obligation or contract for an old one, with consent from all parties involved.

Right Of Appraisal

See dissenter’s rights.

Reverse Share Split

A corporate action in which a company reduces the total number of its outstanding shares, typically to increase the per-share price.