What is the common denominator for trade in today's economy?
100
Counting the drawer "bank" at the beginning of a shift.
What is the first checks and balances required for the handling of cash?
100
Use of a prime vendor.
What is a material management cost control measure?
100
profit and loss statements
operating statements
balance sheets
What are financial statements that are prepared by the accounting function in an organization?
100
prepaid expenses
cash on hand
accounts receivables
What are current assests?
200
Money Management
What everyone must know something about?
200
employees who handle cash
What is should be limited in number?
200
Measuring yield.
What is a production cost control measure?
200
This should be used as a supplement to other cost control efforts.
What is budget variance analysis?
200
A vending card or debit card that is used in dining halls or college campuses.
What is unearned revenue?
300
Cash
What is used in most retail businesses?
300
The keys should stay in the possession of authorized personnel during work hours.
Passwords and codes should never be shared between employees.
The cash register drawer is closed between transactions.
What are proper ways to secure money?
300
Costs that are typically less than labor and materials but have significant financial impact over the course of a year.
What are utilities?
300
direct material
labor
operating expenses
What are items that would appear on a profit and loss statement?
300
Invoices that are owed for goods and services that have been recently purchased.
What are accounts payable?
400
The money in the drawer at the end of the day less the starting amount.
What are cash receipts for the day?
400
When an employee who knew the combination takes a new position that no longer requires access to the safe.
What is when the combination to a safe should be changed?
400
using low flow spray nozzles for pre-rinsing dishes
What are costs associated with energy usage?
400
Depreciation falls under the heading of
What are operating expenses?
400
The ownership equity of a corporation for which there is more than one owner.
What is stockholders' equity?
500
the forecasting of production
inventory control
procurement
What are uses for point-of-sale (POS) systems?
500
Used in emergencies.
What is petty cash?
500
A form of cost control that covers a broad spectrum of issues related to liability.
What is risk management?
500
A financial report that provides the user with a snapshot of the organization's financial status at a specific point in time.
What is a balance sheet?
500
Any debt that becomes payable after a year. Includes such items as mortgages, long-term leases, and warranties on goods sold.