A Set of Procedures and Approvals That Is Designed to Control

question 163

Multiple Choice

A set of procedures and approvals that is designed to control cash disbursements and the acceptance of obligations is referred to as a(n) :

• A)Internal cash system
• B)Petty cash system
• C)Cash disbursement system
• D)Voucher system
• E)Cash control system

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Definitions:

Behavioural Finance

A field of study that combines psychological theories with conventional economics to explain why people make irrational financial decisions.

Securities Mispricing

A situation where a financial security is valued either above or below its true intrinsic value due to market inefficiencies, creating investment opportunities.

Beta

A metric for assessing the degree of systematic risk associated with a security or portfolio relative to the overall market.

Required Rate of Return

The minimal yearly percent yield needed to entice entities or individuals to channel funds into a specific investment or project.