Discuss two important ways of speeding up collection.
What will be an ideal response?
First, many companies, in order to speed up collections, use concentration banking. In this case customers send payment to the nearest branch office. The local branch office then deposits the checks into a local bank account. Surplus funds are transferred to a concentration account at one of the company's principal banks. Second, the lockbox system is used for speeding up collection. The company rents a post office box in each region. Customers send their payments to the post office box. The local bank empties the box and deposits checks in the company's local account. Surplus funds are transferred to the company's principal banks.
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What is the FTC recommendation regarding choice as it relates to personally identifiable information (PII)?
A. Require firms to have consumers affirmatively opt-in before PII is collected. B. Require firms to allow consumers to opt-out before PII is collected. C. Make collection of PII illegal. D. Require robust notice only before PII is collected.
Which of the following approaches to dealing with crisis situations involves developing a plan based on a problematic issue after it arises?
A) passive B) defensive C) subjective D) reactive E) preemptive
In India, the culture allows private and public aspects of the individual overlap. India would likely score high on ______ in Trompenaars' dimensions of value orientations.
A. diffuse B. affective C. specific D. neutral
Lynn works for a state university. In addition to the university's regular retirement plan, Lynn participates in another retirement savings plan
She elected to have $5,000 of her salary withheld and contributed to a tax-sheltered annuity with an insurer. The type of plan that Lynn established is called a A) SIMPLE plan. B) 403(b) plan. C) defined benefit plan. D) Keogh plan.