A Change Fund Consists of

question 40

Multiple Choice

A change fund consists of

• A) cash used to make change for customers, usually maintained in the drawer of the cash register.
• B) all resources that consist of coins, currency, checks, money orders, and money on hand or on deposit in a bank.
• C) cash received by the company, typically from customers.
• D) a cash fund used to pay relatively small amounts.

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Definitions:

Authority

The authority or capacity to command, make choices, and ensure compliance.

Responsibility Accounting Reports

Financial reports that measure the financial performance of different segments or departments of an organization, attributing revenues and expenses to the managers responsible.

Higher Levels

A term indicating advanced stages or degrees of complexity, often used in reference to education, management, or organizational structure.

Management

The process of coordinating and overseeing the work activities of others to achieve organizational goals efficiently and effectively.