Businesses Are Rapidly Rebuilding Some of Their Key Business Processes

question 118

True/False

Businesses are rapidly rebuilding some of their key business processes based on Internet technology and making this technology a key component of their IT infrastructures.

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Definitions:

Receipts For Disbursements

These are documents that serve as proof of payment transactions, such as the payment of expenses or the distribution of cash.

Petty Cash Fund

A minimal sum of money kept in reserve for covering minor costs that aren't worth issuing a check for.

Petty Cash Custodian

The person responsible for managing a small amount of cash for minor, routine business expenses.

Postage Due

The fee charged for delivering mail for which sufficient postage has not been prepaid by the sender.