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NEW QUESTION: 1
A lockbox provider offers which of the following advantages over a company processing center?
I.It increases the company's operational control.
II.It produces processing economies of scale.
III.It allows for external audit controls.
IV.It reduces collection float.
A. I only
B. II, III, and IV only
C. II and III only
D. I, II, and III only
Answer: B