BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Using a lockbox system to improve collections:
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is more expensive than the use of collection centers
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utilizes local banks to clear local payments made to the collection center
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provides more float than collection centers
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results in checks being forward to a P.O. box and clearing through local banks
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Explanation:
There is 1 question to complete.