A company wants to decrease its $200 petty cash fund to $175. The entry to reduce the fund is: Multiple Choice 1. Debit Cash Over and Short for $25; credit Petty Cash $25. 2. Debit to Cash $25; credit Petty Cash $25. 3. Debit Miscellaneous Expenses $25; credit Cash $25. 4. Debit Petty Cash for $175; debit Cash Over and Short $25; credit Cash $200. 5. Debit Petty Cash $25; credit Cash $25.

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.