Which of the following is not a strategy to expedite the collection and check-clearing process?
A) Utilizing a variety of collection centers throughout a marketing area.
B) Utilizing a lockbox system.
C) Mailing checks and waiting for the check to clear.
D) Utilizing electronic payment between banks.

Question

Quizplus · Accepted Answer

Mailing checks and waiting for the check to clear is not a strategy to expedite the collection and check-clearing process. The other options mentioned - utilizing a variety of collection centers, utilizing a lockbox system, and utilizing electronic payment between banks - are all strategies to expedite the process.

Which of the Following Is Not a Strategy to Expedite