A Voucher System Is a Set of Procedures and Approvals

question 112

Multiple Choice

A voucher system is a set of procedures and approvals:

• A) Designed to determine if the company is operating profitably.
• B) Used almost exclusively by small companies.
• C) Designed to eliminate the need for subsidiary ledgers.
• D) Used to ensure that the company sells on credit only to creditworthy customers.
• E) Designed to control cash disbursements and the acceptance of obligations.

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Definitions:

Impediment

An obstacle or barrier that delays or prevents progress.

Fear of the Unknown

A psychological phenomenon where individuals feel anxious or fearful about situations or events that are unfamiliar or not understood.

Unfreezing

The initial phase in the change process where individuals or organizations become aware of the need for change.

Driving Forces

Factors or elements that motivate and influence the direction and momentum of change or growth.