When Companies Use Debit Cards for Purchases of Relatively Small

question 146

Multiple Choice

When companies use debit cards for purchases of relatively small amounts:

• A)employees who need to make the purchases must turn in receipts for purchases.
• B)supervisors do not require receipts for the small purchases because prior approval was given.
• C)must use a imprest system
• D)the employee who used the debit card compares the receipts to the EFT amounts on the bank statement.

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Definitions:

Discovering Consumer Needs

The process of researching and understanding the requirements, desires, or problems of consumers to develop products or services that meet these needs.

New Products

Innovations or items that have been recently introduced to the market, offering fresh options to consumers.

Sales and Manufacturing

The process that involves both the creation of products and their sale to customers.

Target Market

A specific group of consumers at which a company aims its products and services.