The Tangible and Intangible Factors That Create a Less Than

question 78

Multiple Choice

The tangible and intangible factors that create a less than desirable situation is referred to as ____________ risk.

• A) interest-rate
• B) inflation
• C) income
• D) liquidity
• E) personal

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Definitions:

Petty Cash Receipts

Petty cash receipts are documents that record small, immediate cash expenses incurred by a business, tracking the disbursement and replenishment of a petty cash fund.

Reimburse

To pay back money to someone which they have spent or lost.

Transportation-In

Costs associated with bringing raw materials to a manufacturing plant or storage location, typically classified as part of the inventory cost on the balance sheet.

NSF Check

A check that cannot be processed because the drawer's account does not have sufficient funds.