Describe what a voucher system is by selecting the correct statement below. Multiple choice question. A voucher system keeps track of the number of hours each employee works in the day. A voucher system is a set of procedures and approvals designed to control cash payments. A voucher system controls the amount of liquid assets available at any given time, so that bills can be paid when due. A voucher system controls the number of sales made to customers who are nearing their credit limit.

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?