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Twice Every Year, a Major Car Parts Manufacturer Brings Together

question 38

Multiple Choice

Twice every year, a major car parts manufacturer brings together the production and engineering specialists from its eight divisions to discuss ideas, solutions, and concerns.This helps to minimize the 'silos of knowledge' problem that exists in many organizations.This practice is primarily an example of:


Definitions:

Imprest Petty Cash

A fixed amount of cash used for small, incidental expenses, replenished periodically.

Petty Cash Receipts

Documents that provide evidence of small, incidental purchases made using a company's petty cash funds.

Fund Replenishment

The process of adding money to a fund to return it to its initial level or to support continued use or operation.

Petty Cash Fund

A small amount of cash kept on hand for minor or unexpected expenses.

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