A Policy That Forces Clerks to Make Change by Pricing

question 132

Multiple Choice

A policy that forces clerks to make change by pricing items at $1.99,$2.99,and $3.99 rather than at $2,$3,and $4 is an example of

• A)adequate documentation.
• B)general authorization.
• C)specific authorization.
• D)proper procedures.
• E)an independent check.

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Definitions:

Private Debt

A form of financing from private sources, not listed on public exchanges, and usually provided to private companies or individuals.

General Cash Offer

An issue of securities offered for sale to the general public on a cash basis.

Equity Securities

are financial instruments representative of ownership interests in entities, such as common stocks, that provide a claim on a corporation's assets and earnings.

Investors

Individuals or institutions that allocate capital with the expectation of receiving financial returns.