Tolerance Groups Make Sure Employees Do Not Exceed Their Authority

question 51

True/False

Tolerance groups make sure employees do not exceed their authority in financial transactions.

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Definitions:

Outlays

Expenses incurred or amount spent for a particular purpose.

Federal Government Budget Surplus

Occurs when a government's income exceeds its spending during a fiscal year.

Aggregate Demand

The aggregate need for products and services throughout an economy, specified at a consistent price level and during a certain time.

National Saving

The total saving in an economy, consisting of both private savings by households and businesses, and public savings by the government.