Plans That Can Be Used Over and Over Again by Managers

question 49

Multiple Choice

Plans that can be used over and over again by managers faced with recurring activities are ________.

• A)procedural
• B)self-directing and self-controlling applications
• C)standing
• D)single-use
• E)production bottlenecks

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Definitions:

Cash

Money in the form of currency, including bills and coins, that can be used to pay for goods and services.

Internal Control

Methods and systems put in place by an organization to guarantee the accuracy of financial and accounting data, encourage responsibility, and deter dishonest practices.

Voucher System

A method of accounting in which a record is kept for each transaction, detailing the necessary approvals and documentation.