The Study of "Best Practices" in Retailing Is an Example

question 59

Multiple Choice

The study of "best practices" in retailing is an example of ________.

• A) benchmarking
• B) scenario analysis
• C) gap analysis
• D) variance analysis

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Definitions:

NSF Check

Non-Sufficient Funds Check, a bank check that cannot be honored because the account on which it is drawn does not have enough funds.

Outstanding Checks

Checks that have been written and recorded in the payer's financial records but not yet cleared or cashed by the recipient.

Cash Flow

The net amount of cash and cash-equivalents being transferred into and out of a business.

Monthly Cash Expenses

The total amount of cash payments made by a business within a month to cover its operational expenses and obligations.