When Bad Storms Slow the Check-Clearing Process,float Tends to ________

question 104

Multiple Choice

When bad storms slow the check-clearing process,float tends to ________ causing the Fed to initiate ________ open market ________.

• A)decrease;defensive;sales
• B)decrease;dynamic;purchases
• C)increase;defensive;sales
• D)increase;dynamic;purchases

Comprehend the components and significance of an effective internal control environment.

Understand the importance and functions of cash controls in safeguarding a company's cash.

Comprehend the role and contents of a bank statement in managing company finances.

Grasp the concept and applications of a voucher system in handling company liabilities and payments.

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Definitions:

Intermediate-Term Plans

Refers to strategic plans developed for a timeframe of typically 2 to 5 years, aiming at achieving medium-range objectives.

Functional Plan

A detailed, department-specific plan designed to achieve operational and strategic objectives within an organization.

Operations

The day-to-day activities necessary for running a business or organization, focusing on producing goods or providing services efficiently and effectively.

Planning

The process of setting goals, determining the actions required to achieve these goals, and mobilizing resources to execute the actions.