To Minimize the Number of Checks That Need to Be

question 87

Multiple Choice

To minimize the number of checks that need to be written to pay vendor invoices,a company should use

• A)a voucher system.
• B)a just-in-time inventory system.
• C)a nonvoucher system.
• D)an evaluated receipt settlement system.

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Definitions:

Work

An activity involving mental or physical effort done in order to achieve a purpose or result, often for pay.

Problem-solving

The process of identifying solutions to difficult or complex issues through analytical, creative, or critical thinking methods.

Stock Options

Rights to buy a specified amount of company stock at a given price within a given time period.

Top-level Executives

Senior personnel in a company who are responsible for making major corporate decisions, shaping policies, and setting strategic goals.