The Oldsmar fleet-card statement shows this exception: duplicate card issued to one vehicle. Which administrative response fits best?
Correct Answer
B) card inventory correction
Fleet-card administration should identify exceptions, cancel unneeded cards, and correct card inventory records.
Why This Is the Correct Answer
Fleet-card administration should identify exceptions, cancel unneeded cards, and correct card inventory records.
Why the Other Options Are Wrong
Option A: bid spread worksheet
bid spread worksheet puts the item in the wrong financial bucket, timing, base, or comparison for fleet-card exception.
Option C: meeting agenda draft
meeting agenda draft puts the item in the wrong financial bucket, timing, base, or comparison for fleet-card exception.
Option D: bank deposit slip
bank deposit slip puts the item in the wrong financial bucket, timing, base, or comparison for fleet-card exception.
Memory Technique
vehicle/equipment-Card ledger for Controller Reviews: put administration in the right drawer.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Business Administration, Fleet Card Controls; use the stated business record or control rule to verify the answer.
More Business & Finance Questions
The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?
A Florida GC prepaid $18,000 for annual insurance and expenses it evenly by month. After 7 months have expired, what prepaid asset remains?
The West Miami system access list starts with 22 active users, adds 4, and removes 7. How many active users should remain?
The Winter Park bank review shows a bank balance of $124,600, book balance of $119,400, and known timing items of $3,200. What unexplained difference remains?
The Riverview bank review shows a bank balance of $87,500, book balance of $90,400, and known timing items of $1,600. What unexplained difference remains?
A Satellite Beach contractor had 4 separations during the quarter and an average headcount of 32. What turnover rate should HR report?
A Winter Park startup budgets monthly overhead of $61,500 and wants a 4-month operating reserve. What reserve should be funded?
A Royal Palm Beach customer account has unpaid approved invoices of $126,000. Company policy requires review when unpaid invoices exceed $100,000. What status applies?
A Wildwood contractor had 9 separations during the quarter and an average headcount of 60. What turnover rate should HR report?
A Clermont field group had 64 absence hours out of 1280 scheduled hours. What absence rate should be reported?
People Also Study
Related Study Resources
Previous Question
A project phase includes $183,400 direct labor, $261,850 direct material, and $72,600 subcontract cost. What combined direct cost is posted?
Next Question
A credit memo of $6,250 is issued against an open invoice of $74,500. If the customer then pays $50,000, what receivable balance remains?
