Examlex

Solved

A Set of Procedures and Approvals Designed to Control Cash

question 132

Multiple Choice

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


Definitions:

CD Players

Devices used for playing audio CDs that were a popular technology for music playback before being gradually replaced by digital music players.

Elasticity

The measure of how much the quantity demanded or supplied of a good responds to a change in one of its determinants, such as price or income.

Lowest Possible

This term needs more context to provide a specific definition; generally, it refers to the minimum achievable level or value in a given situation.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied responds infinitely to changes in price.

Related Questions