Recall the Application About the Benefits Provided by the LoJack

question 78

Multiple Choice

Recall the Application about the benefits provided by the LoJack auto recovery system to answer the following question(s) .
-Recall the Application.Who are the recipients of the external benefits generated by LoJack?

• A) the purchasers of the LoJack system
• B) the producers of the LoJack system
• C) the owners of cars that do not have the LoJack system
• D) the insurance companies that offer discounts to LoJack purchasers

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Definitions:

Purchases Journal

A record of all purchases of goods and services on credit, aimed at simplifying the accounting process.

Voucher Register

A record of vouchers that have been prepared, detailing amounts to be paid, accounts affected, and supporting documentation.

Voucher System

A control mechanism in accounting wherein vouchers are prepared as evidence of authorization before transactions are recorded.

Purchase Order

A form used in business to place an order for the buying of goods from a seller.