Many Canadians Participate in Events Like "Run for the Cure

question 11

Multiple Choice

Many Canadians participate in events like "Run for the Cure" and United Way fundraising campaigns.These organizations purchase significant amounts of goods and services as

• A)Industrial buyers
• B)Non-profit organizations
• C)Resellers
• D)Government buyers

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Definitions:

Voucher System

A control mechanism in accounting to approve and document all disbursements of cash for business transactions.

Cash Payments

Transactions involving the outflow of cash to settle debts, purchase goods, or cover expenses.

Canceled Checks

Checks that have been paid by the bank, marked as canceled, and are no longer negotiable.

Payee

The entity in a financial deal that gets the payment.