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:

Introvert

An individual who tends to be inward-turning, focusing on internal thoughts, feelings, and moods rather than seeking external stimulation.

Overaroused

A state of heightened physiological and psychological activity, often leading to anxiety or restlessness.

Extrovert

describes a person who is outgoing, socially confident, and gains energy from being around other people.

Reticular Activating System

A network of nerves in the brainstem that mediates overall alertness and regulates the transition between sleep and wakefulness.