Effectiveness Refers to __________

question 36

Multiple Choice

Effectiveness refers to __________.

• A) cost minimization
• B) resource control
• C) goal attainment
• D) efficiency
• E) doing things right

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Definitions:

Average Payments

The mean amount paid over a defined period payments.

Average Daily Float

The average amount of uncollected funds represented in checks or other negotiable instruments over a specified period.

Lockbox System

A service provided by banks to accelerate collection of payments by having those payments sent to a special post office box rather than to the company.

Treasury Bills

Represent short-term government securities issued at a discount from the par value and mature without interest payments.