One Way the Risk of Not Collecting Receivables Can Be

question 36

Multiple Choice

One way the risk of not collecting receivables can be managed is:

• A)have all customers pay by check.
• B)separate cash-handling duties from record-keeping duties.
• C)separate cash-handling from the mailroom.
• D)have an imprest petty cash fund.

---

Definitions:

Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another.

World Bank

An international banking institution dedicated to providing poorer countries' governments with the financial support needed for capital project development.

Federal Reserve

The central banking system of the United States, responsible for regulating the nation's monetary policy and financial institutions.

Export Promotion

Government policies or initiatives aimed at encouraging or supporting local producers to increase their sales abroad, often as a strategy to boost economic growth.