To Which of the Following Management Functions Does Communicating Directly

question 68

Multiple Choice

To which of the following management functions does communicating directly relate?

• A) Controlling
• B) Planning
• C) Leading
• D) Organizing
• E) All of these choices

---

Definitions:

ACP

Average Collection Period, a metric that measures the average number of days it takes for a company to collect its accounts receivable.

Processing Float

The time lag between when a check is written and when it is actually deducted from the payer's account, affecting the available balance.

Check Clearing

The process by which banks exchange checks and other negotiable instruments drawn on each other and settle their mutual debts and credits.

Lockbox System

A service provided by banks to companies for the receipt of payment from customers, under which payments are directed to a special post office box rather than the company’s address.