Question

: For losses over $50 up to and including $250, the activity manager conducts a review and provides a brief written explanation to the

A) Wing commander
B) Base comptroller
C) Installation commander
D) Financial institution manager

Answer 1

The correct answer is option C) Installation commander.

Step-by-step explanation:

The question pertains to the procedures followed for managing financial losses within an organization, specifically related to the chain of command for reporting such losses. When a financial loss occurs that is over $50 but not more than $250, the protocol is for the activity manager to conduct a review of the situation. After this review, the activity manager must provide a written explanation of the circumstances surrounding the loss.

This explanation is then submitted to the installation commander, who is responsible for overseeing the general operation of the base or installation, including its financial management and accountability. This process ensures that the financial activities are properly monitored and that any discrepancies are reported to the appropriate level of command for further action.