The Measurement System Should Rely on Quantitative Data Instead of Qualitative

question 2

True/False

The measurement system should rely on quantitative data instead of qualitative feelings and assessments.

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Definitions:

Check Register

A record book or electronic log used to track checks written, deposits made, and current balances in a checking account.

Outstanding Deposits

Money that has been deposited into a bank account but has not yet been processed or credited to the account.

Outstanding Check

One that has been written but hasn’t yet cleared the bank and been charged to the customer’s account.

Adjusted Cash Balance

An amount reflecting the true cash balance after accounting for outstanding checks or deposits in transit.