Lockboxes

question 35

Multiple Choice

Lockboxes:

• A)should be geographically located close to a firm's primary customers.
• B)should be located in remote locations to increase the net disbursement float.
• C)offer no additional benefit to a firm now that the Check Clearing Act for the 21^st Century has been enacted.
• D)tend to be negative net present value projects for firms with a large number of sizeable transactions.
• E)tend to also be used as concentration accounts.

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Definitions:

Executive Decisions

Executive decisions are high-level decisions made by the executive branch of an organization or government, involving policy-making or strategic direction.

Confirm Appointments

The process of officially validating or approving scheduled meetings, typically ensuring mutual agreement on the timing and agenda.

State Action

Activities or conduct carried out by government or its officials in the execution of laws and government policies.

Federal Government

The national government of a federal country, which holds the authority to govern matters that affect the entire nation, distinct from state or local governments.