TRAVEL REIMBURSEMENT REGULATIONS
Domestic meals, lodging, and incidentals
Foreign meals and incidentals
Each 24-hour period
Over 2 hours but not in excess of 4 hours
Over 4 hours but not In excess of 8 hours
Over 8 hours but not In excess of 12 hours
Over 12 hours to 24 hours
All reimbursement for travel expenses must be authorized by an approved Travel Request (Form 2300L) prior to the time the expenses am incurred. Further Information concerning the regulation. or Interpretation of this policy Is obtainable from the travel section of the Accounting Office, Building A, Room 566.
1. How much is an employee reimbursed for foreign travel costs for a 10-hour excursion?
2. What should an employee submit before leaving on a business trip?
A. A hotel reservation notice
B. A contract for a car rental
C. A travel request form
D. A letter from the manager
MALAYSIAN TRADING COMPANY WITH BRANCH OFFICES AND WAREIIOUSIS IN NEW
YORK AND MIAMI INTERESTED IN CONTACTING DISTRIBUTORS TO REPRESENT US IN
ATLANTA, GEORGIA AREA. HAVE IMPORT LICENSIES AND QUOTA PERMIT FOR FURNITURE
PRODUCTS PERMITTED TO BE IMPORTED UNDER U.S. LAWS
3. What market is being discussed?
A. New York
4. What type of merchandise does the firm handle?
C. Building supplies
D. Contact lenses
5. The advertisement mentions the company having all of the following EXCEPT
A. storage facilities
B. import permits
C. American factories
D. regional offices
A simple method of determining how fast savings grow is to use the “Rule of 72.” Divide the number 72 by the interest rate to get the number of years required for money to double. For example, in the case of a 16% interest rate, 72 divided by 16% equals 4.5, so it takes four and a half years for money to double. This is based upon the 16% rate being compounded annually. If the interest is compounded quarterly or daily, slightly fewer years will he required.
6. What information does the “Rule of 72” give you?
A. The current interest rates
B. The quarterly interest rate
C. The interest you earn in four and a halt years
D. The time it takes to double your investment
7. How is the ’Rule of 72′ affected when interest is compounded daily?
A. The number of years involved decreases
B. The calculations become more precise
C. The return on your investment doubles
D. The rate of interest is much higher
1C, 2C, 3C, 4A, 5C, 6D, 7A