Question
Megan is the financial manager at a successful retail company, Trendy Styles. Recently, she noticed that some store locations are taking too long to deposit cash from daily sales, increasing the risk of theft and financial mismanagement.
Which key duty should Megan focus on to reduce the risk of lost or mishandled cash?
A.
Creating new marketing strategies to boost sales
B.
Ensuring that all financial transactions are recorded accurately and systematically
C.
Ensuring that payments and cash received from sales are safeguarded and banked as quickly and as efficiently as possible
D.
Arranging with the treasury department or a bank manager to obtain funds at the best terms possible
Which key duty should Megan focus on to reduce the risk of lost or mishandled cash?
A.
Creating new marketing strategies to boost sales
B.
Ensuring that all financial transactions are recorded accurately and systematically
C.
Ensuring that payments and cash received from sales are safeguarded and banked as quickly and as efficiently as possible
D.
Arranging with the treasury department or a bank manager to obtain funds at the best terms possible
Answers
GPT-4o mini
To reduce the risk of lost or mishandled cash, Megan should focus on:
**C. Ensuring that payments and cash received from sales are safeguarded and banked as quickly and as efficiently as possible.**
By prioritizing the swift and secure deposit of cash, she can significantly minimize the risk of theft and financial mismanagement associated with delays in cash deposits.
**C. Ensuring that payments and cash received from sales are safeguarded and banked as quickly and as efficiently as possible.**
By prioritizing the swift and secure deposit of cash, she can significantly minimize the risk of theft and financial mismanagement associated with delays in cash deposits.