Managing receivables to make sure customers are paying their bills on time is an example of the need for ____ control.
A) financial
B) information
C) physical
D) human
E) strategic

Question

Quizplus · Accepted Answer

Managing receivables involves financial control, specifically in the area of cash flow management. This involves monitoring and ensuring timely payments from customers to maintain the financial health of the business. Information, physical, human, and strategic controls may also play a role in managing receivables, but the primary need is for financial control.

Managing Receivables to Make Sure Customers Are Paying Their Bills