Multiple Choice
A customer sends payment to a post office box which is emptied by a firm's bank daily. The bank then processes the payments and notifies the firm of the day's collections. This collection technique is known as ________.
A) a direct send
B) concentration banking
C) the lockbox system
D) controlled disbursing
Correct Answer:
Verified
Correct Answer:
Verified
Q110: The yields on negotiable certificates of deposit
Q111: 2/15 net 45 translates as _.<br>A) 15
Q112: A firm which uses the aggressive financing
Q113: Which of the following is true of
Q114: A decrease in collection efforts will result
Q116: When a firm initiates or increases a
Q117: If a firm uses an aggressive financing
Q118: Which of the following is one of
Q119: A lockbox system is used to reduce
Q120: For minimizing the cash conversion cycle, a