If Insects Were to Destroy Coffee Crops in Key Producer

question 59

Multiple Choice

If insects were to destroy coffee crops in key producer countries worldwide,which of the following would most likely occur within the coffee market?

• A)Coffee prices would increase.
• B)Demand for coffee would be reduced.
• C)Demand for coffee would increase.
• D)Governments would buy up excess coffee crops.

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Definitions:

Internal Control Of Cash

Procedures and measures implemented by a business to monitor, manage, and protect its cash transactions and holdings.

Voucher System

A control mechanism in accounting to approve and document all disbursements of cash for business transactions.

Cash Payments

Transactions involving the outflow of cash to settle debts, purchase goods, or cover expenses.

Canceled Checks

Checks that have been paid by the bank, marked as canceled, and are no longer negotiable.