An Exception to Disbursements Being Made by Check Is Acceptable

question 151

Multiple Choice

An exception to disbursements being made by check is acceptable when cash is paid

• A) to an owner.
• B) to employees as wages.
• C) from petty cash.
• D) to employees as loans.

---

Definitions:

Business Process Re-engineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost, quality, service, and speed.

Work Flow

Work Flow is the sequence of processes through which a piece of work passes from initiation to completion, often in a business or manufacturing context.

Process Map

A visual representation of the steps involved in a process, showing how tasks are connected and flow from one to the next.

Target Costing

A pricing strategy in which the selling price of a product is determined first, and then the manufacturing cost is managed to meet the desired profit margin.