Which of the Following Is a Favorable Condition That Will

question 85

Multiple Choice

Which of the following is a favorable condition that will facilitate a cultural change?

• A)the organization has a huge workforce
• B)the organization has a long existence
• C)a dramatic crisis occurs
• D)a stable leadership exists

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Definitions:

Lockbox System

A service provided by banks to companies for the receipt of payment from customers, whereby payments are sent directly to a post office box, rather than to the company, to expedite the deposit process.

Clearing Process

The procedure by which financial trades settle; that is, the correct and timely transfer of funds to the seller and securities to the buyer.

Zero-Balance Account

A bank account which maintains a balance of zero by automatically transferring funds from a master account in an amount only large enough to cover checks presented.

BAT Model

A behavioral approach to financial modeling that incorporates psychological factors into market predictions.