Efficient Management of Cash Includes Which of the Following Concepts

question 96

Multiple Choice

Efficient management of cash includes which of the following concepts?

• A)Pay each bill as soon as the invoice is received.
• B)Deposit all cash receipts and make all cash disbursements at the end of each week.
• C)Prepare a control listing of cash receipts at the time and place the money is received.
• D)Pay suppliers in cash out of cash sales receipts before depositing them in the bank.

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Definitions:

Response

An answer or reaction provided as a reply to a question or action.

Level of Significance

The probability of rejecting the null hypothesis in a statistical test when it is actually true, used as a threshold for determining the statistical significance of results.

Political Party Affiliations

The alignment or association of an individual with a specific political party based on shared policies, beliefs, or ideologies.

Income Brackets

Categories of income levels used to classify or tax individuals differently based on their earnings.