An Important Objective of Cash Management Is to Lengthen the Collection

question 85

True/False

An important objective of cash management is to lengthen the collection float and reduce the disbursement float.

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Definitions:

Consequences

Consequences refer to the outcomes, effects, or repercussions of actions or decisions, which may influence future behavior or circumstances.

Behavior

Actions or reactions of an individual or group in response to external or internal stimuli.

Remittitur

A court-ordered reduction of an excessive jury verdict in a civil case.

Trial Court

The court where a case is initially tried, involving presentation of evidence and witness testimony before a judge or jury for a verdict.