Match the Term with Its Definition

question 102

Multiple Choice

Match the term with its definition.
-A capital budgeting technique that measures the amount of time it will take to recover the initial cash outlay of an investment

• A)accounting return on investment technique
• B)capital budgeting analysis
• C)discounted cash flow (DCF) techniques
• D)internal rate of return (IRR)
• E)net present value (NPV)
• F)payback period technique
• G)pledged accounts receivable

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Definitions:

Internal Control

A system of policies, procedures, and measures designed to protect assets, ensure accurate financial reporting, compliance with laws and regulations, and achieve effective and efficient operations.

Safeguarded Assets

Assets that are protected against loss, theft, or unauthorized use through various security measures and controls.

Accurate Business Information

Reliable, precise, and up-to-date data or facts about a company's operations, financials, and strategy, crucial for decision-making.

Petty Cash Receipts

Documents that record cash payments from a petty cash fund, used to manage small and incidental expenses.