Which of the Following Conditions Will Render Continual Prospecting Unnecessary

question 28

Multiple Choice

Which of the following conditions will render continual prospecting unnecessary?

• A)The customer switches to other suppliers.
• B)The customer moves out of the organization's market area.
• C)The customer goes out of business because of bankruptcy.
• D)The customer has a recurring need for the product.

---

Definitions:

Missing Funds

A financial discrepancy where funds are unaccounted for due to errors, theft, or fraud.

Petty Cash Fund

A petty cash fund is a small amount of cash kept on hand for making immediate, low-cost expenditures, reducing the need for writing checks or using credit transactions.

Cash Short

A situation where the cash on hand is less than the expected amount or what is recorded in the books, often indicating errors or mismanagement.

Journal Entry

A record in an accounting journal that captures the financial transactions of a business, showing debits and credits for each transaction.