Which of the Following Statements About the Benefits of Service

question 45

Multiple Choice

Which of the following statements about the benefits of service guarantees is true?

• A) To be valid,service guarantees must be in writing
• B) A good guarantee forces the company to focus on its customers
• C) Employee morale can be adversely affected by service guarantees
• D) The guarantee negates the service recovery strategy of act quickly
• E) A good guarantee will generate a lot of feedback-most,if not all of it,useless

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Definitions:

Bank Reconciliation

The process of comparing and matching the balances of an entity's accounting records with corresponding bank statements to ensure accuracy.

Journal Entry

A record in the accounting ledger that notes every financial transaction of a business, including the accounts affected and the date of the transaction.

Petty Cash Fund

A small amount of cash on hand used for covering minor expenses, typically managed by a designated petty cash custodian.

Office Supplies

Consumable items and minor equipment used in an office setting, such as paper, pens, and staplers.