Under a Voucher System a Prenumbered Voucher Is Prepared for Every

question 7

Multiple Choice

Under a voucher system a prenumbered voucher is prepared for every

• A) cash receipt regardless of source.
• B) transaction entered into by the business.
• C) expenditure except those made from petty cash.
• D) journal entry.

Recognize the significance of consumer confidence in the economy and its effect on spending behavior.

Identify the major external factors that influence the marketing environment of a firm.

Differentiate between direct and alternate competition in the marketplace.

Grasp the concept of environmental scanning and its importance for businesses in detecting and responding to threats and opportunities.

---

Definitions:

Net Profit

The amount of money left over after all operating expenses, taxes, interest, and dividends are paid, indicating the financial health of a company.

Stock Price

The cost of buying a share of a company, which fluctuates based on market conditions and the performance of the company.

Naked Call Option

An options strategy where the investor sells call options without owning the underlying asset, exposing them to unlimited potential losses.

Potential Loss

The amount of money that could be lost in an investment or financial transaction under adverse conditions.