Match the Terms with the Definitions

question 120

Multiple Choice

Match the terms with the definitions.
-In some checkbooks,a document attached to a check that contains space for relevant information about the check.

• A)restrictive endorsement
• B)bank reconciliation
• C)bank statement
• D)blank endorsement
• E)canceled checks
• F)petty cash fund
• G)payee
• H)check
• I)check stub
• J)petty cash payments record
• K)NSF checks
• L)deposit ticket
• M)deposits in transit
• N)drawee
• O)drawer
• P)electronic funds transfer
• Q)endorsement
• R)magnetic ink character recognition code

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Definitions:

Periodic Review System

A system of inventory control where the inventory levels are reviewed at fixed intervals to determine the reorder quantity.

Order Up To Level

A replenishment strategy where inventory is restocked to a predetermined level each time an order is placed to maintain stock availability.

Lot Size

The quantity of inventory items that a company orders or produces in a single production run or order, affecting inventory costs and management strategies.

Product Differentiation

A marketing strategy that involves distinguishing a product or service from others in the market to make it more attractive to a particular target market.