nerdexam
AFP

CTP · Question #253

(Topic 3) A-Plus Company has made arrangements for a new insurance broker to provide products to its employees. Historically, A-Plus Company's employees made insurance payments via payroll…

The correct answer is C. PPD. See the full explanation below for the reasoning.

Question

  • (Topic 3)

A-Plus Company has made arrangements for a new insurance broker to provide products to its employees. Historically, A-Plus Company’s employees made insurance payments via payroll deduction, but the new broker will be collecting payments from employees directly. What will the broker MOST LIKELY use to minimize collection float?

Options

  • AARC
  • BCCD
  • CPPD
  • DRCK

How the community answered

(60 responses)
  • A
    8% (5)
  • B
    17% (10)
  • C
    70% (42)
  • D
    5% (3)

Community Discussion

No community discussion yet for this question.

Full CTP Practice