A Set of Procedures and Approvals for Verifying,approving and Recording

question 22

Multiple Choice

A set of procedures and approvals for verifying,approving and recording obligations for eventual cash disbursement,and for issuing checks for payment only of verified,approved,and recorded obligations is referred to as a(n) :

• A)Internal cash system.
• B)Petty cash system.
• C)Cash disbursement system.
• D)Voucher system.
• E)Cash control system.

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Definitions:

Enhance Quality

Steps or actions taken to improve the standard, value, or excellence of products, services, or processes.

Implementing Change

The process of applying strategies and actions to transform an organization's goals, processes, technologies, or culture to improve efficiency and effectiveness.

Diagnosing Needs

The process of identifying and assessing gaps between current and desired performance or outcomes, often used in organizational development and training.

Change Process

The sequence of steps or actions that are taken in order to successfully implement new methods, practices, or systems in an organization.