Examlex
As you understand the idea and practice of total quality management, do you believe that it's the wave of the future in American organizations? Explain.
Zero-balance Account
A type of bank account that maintains a balance of zero by automatically transferring funds from a master account in amounts only large enough to cover checks presented.
Surplus Cash
Excess cash that a company holds over and above the minimum operational funds required, often used for investment, dividends, or buybacks.
Lockbox System
A service offered by banks to companies for the collection of payments from customers, wherein the payments are sent directly to a post office box, thereby speeding up collection times.
Processing Time
The amount of time required to complete a specific process or task, often related to manufacturing or computational operations.
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