A Voucher Is an Internal Document or File

question 33

Multiple Choice

A voucher is an internal document or file:

• A)Prepared after an invoice is received.
• B)Used as a substitute for an invoice if the supplier fails to send one.
• C)Used to accumulate information needed to control cash disbursements and to ensure that transactions are properly recorded.
• D)Takes the place of a bank check.
• E)Prepared before the company orders goods to make sure that all goods are being ordered from an approved vendor list.

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Definitions:

Odd Pricing

A pricing strategy that involves setting prices just below round numbers (e.g., $9.99 instead of $10) to make products appear cheaper to consumers.

Gray Market Activity

The trade of a commodity through distribution channels that, while legal, are unofficial, unauthorized, or unintended by the original manufacturer.

Luxury Watches

High-end, often expensive timepieces that are considered a symbol of status and craftsmanship, combining precision in timekeeping with elaborate design and materials.

Cheaper Market

A market characterized by lower prices, often due to lower cost of living, production, or services compared to other markets.