Using Methods to Appear to Be Paying Bills on Time,when

question 51

Multiple Choice

Using methods to appear to be paying bills on time,when in fact the cash outflow is being delayed or avoided is called _____.

• A) charge back
• B) growth trap
• C) gaming the payment process
• D) timing the purchase

Describe the goals and limitations of the microskills hierarchy.

Understand the components of the basic listening sequence and their importance in counseling.

Recognize the purposes of paraphrasing in understanding and clarifying client communication.

Understand the distinction between acute and chronic behaviors and conditions relating to suicide and interventions.

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Definitions:

Target Cash Balance

The optimal amount of cash a company sets as a goal to maintain for operational and contingency needs.

Lockboxes

Special post office boxes set up to intercept and speed up accounts receivable payments.

Accounts Receivable

The sum of money that customers owe to a company for products or services that have been provided but not yet compensated for.

Speed Up Payments

Actions or policies implemented to reduce the time it takes to receive payments from customers, thereby improving cash flow.