Match the Term to the Appropriate Definition

question 170

Multiple Choice

Match the term to the appropriate definition.There are more definitions than terms.
-Cash

• A)Money or any instrument that banks will accept for deposit and immediately credit to a company's account.
• B)A process for approving and documenting all purchases and payments on account.
• C)Short-term,highly liquid investments purchased within three months of maturity.
• D)Actions taken to promote efficient and effective operations,protect assets,enhance accounting information,and adhere to laws and regulations.
• E)Not available for general use but rather restricted for a specific purpose.
• F)An internal control designed into the accounting system to prevent an employee from making a mistake or committing a dishonest act as part of one assigned duty and then also covering it up through another assigned duty.
• G)Another name for bounced checks.They arise when the check writer (your customer)does not have sufficient funds to cover the amount of the check.
• H)An attempt to deceive others for personal gain.
• I)A set of regulations passed by Congress in 2002 in an attempt to improve financial reporting and restore investor confidence.
• J)An internal report prepared to verify the accuracy of both the bank statement and the cash accounts of a business or individual.
• K)A process that controls the amount paid to others by limiting the total amount of money available for making payments to others.
• L)Terms of a loan agreement that if broken,entitle the lender to renegotiate loan terms or force repayment.

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Definitions:

Build Business

The process of developing and growing a business entity through various strategies, including marketing, product development, and customer engagement.

Common System

A system or platform used broadly across different sectors or organizations, known for its wide applicability and standardization.

Behavior And Attitudes

Refers to the observable actions of individuals and their mental stance or feelings towards certain situations or concepts.

Crises

Urgent, unpredictable, and severe situations that require immediate attention and action to prevent or mitigate significant harm or disruption.