Controlled disbursing involves the strategic use of mailing points and bank accounts to lengthen mail float and clearing float, respectively.

Question

Quizplus · Accepted Answer

Controlled disbursing is a cash management technique that uses mailing points and bank accounts to increase mailing float and reduce float time in the clearing process. The purpose is to optimize the use of available funds and to minimize the opportunity cost of cash on hand. Therefore, the statement is true.

Controlled Disbursing Involves the Strategic Use of Mailing Points and Bank