The Perry annual certificate drive requires 17 certificates, and 17 have been received. What status should be reported?
Correct Answer
D) complete
Certificate-drive status depends on whether received certificates meet the required count.
Why This Is the Correct Answer
Certificate-drive status depends on whether received certificates meet the required count.
Why the Other Options Are Wrong
Option A: cash exception
cash exception puts the item in the wrong financial bucket, timing, base, or comparison for certificate collection status.
Option B: vendor duplicate
vendor duplicate puts the item in the wrong financial bucket, timing, base, or comparison for certificate collection status.
Option C: bank covenant
bank covenant puts the item in the wrong financial bucket, timing, base, or comparison for certificate collection status.
Memory Technique
Certificate Collection drawer for Risk Administrator: label certificate-drive before counting dollars.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Business Administration, Insurance Certificate Collection; use the stated business record or control rule to verify the answer.
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