Which One of the Following Statements About Collection Time Is

question 47

Multiple Choice

Which one of the following statements about collection time is NOT true?

• A) Collection time, or float, is the time between when a customer makes a payment and when the cash becomes available to the company.
• B) Collection time can be broken down into three components.
• C) Delivery time or mailing time is not part of the float.
• D) Processing delay is part of the collection time.

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Definitions:

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Prioritize

To arrange or deal with tasks, activities, or goals according to their importance or urgency.

"80/20" Rule

The Pareto Principle, which posits that roughly 80% of effects come from 20% of causes, applied in various contexts such as business and time management.

Guided Imagery

A technique used in psychology and meditation where an individual is guided through a series of visualizations to promote relaxation, change behaviors, or improve performance.