In an imprest system, the bank account is reimbursed for the exact amount of the disbursements made from the fund.
Answer the following statement true (T) or false (F)
True
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If trying to use the balanced scorecard, what should a manager do for the category “internal business process”?
a. Set and pursue target values for five or six meaningful measures of internal business process. b. Seek to increase productivity in the “employee promotions” and “employee productivity” fields. c. Evaluate the relationships between managers and subordinates over a specific period. d. Have employees take a survey about workflow and score the responses for an overall measure.
The balanced scorecard approach is based on
A. ensuring that market demand is closely coordinated with production volume, achieving a balanced level of inventory across markets. B. measures of the effectiveness of the company's competitors, within and across the international markets in which the company competes. C. ensuring that measures suggesting negative performance are balanced against a corresponding set of measures indicating positive performance of the company. D. an integration of strategic planning with a company's budgeting processes. E. measures of the company's performance across financial, operational, strategic, and human resource dimensions.
European Works Councils are intended to:
A. Provide collective bargaining for workers. B. Assist in mediating labor disputes. C. Provide information to workers that can lead to cooperation between management and labor. D. Determine country labor laws and minimum labor standards.
Drawers and indorsers are secondarily liable on negotiable instruments
a. True b. False Indicate whether the statement is true or false