T&E Policy Quiz

9 Questions | By Gclementaz | Updated: Jan 8, 2013 | Attempts: 482

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1.

Using the directly related and/or associated tests for business entertaining, would the following scenario qualify as an allowed corporate expense? An artist flies into town for a photo shoot and is taken out to lunch with a few Fender employees
- A.
  
  Yes
- B.
  
  No
Correct Answer
A. Yes

Explanation
This meets the directly related test. See section 13a of the T&E policy for more details.

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2.

My friends and family can accompany me on travel and the charges resulting from the trip can be paid on my corporate card.
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
Unless specifically approved by the Company for certain events/circumstances, spouses, relatives, or friends accompanying an employee during business travel are not a legitimate business expense. See section 1c of the T&E policy.

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3.

Cash advances for expected out-of-pocket expenses are allowed up to the following limits:
- A.
  
  $50 per day for domestic and $100 per day for international travel
- B.
  
  $75 per day for domestic and $125 per day for international travel
- C.
  
  $100 per day for domestic and $150 per day for international travel
- D.
  
  $150 per day for domestic and $200 per day for international travel
Correct Answer
A. $50 per day for domestic and $100 per day for international travel

Explanation
Cash advances are limited to $50 per day of domestic travel and $100 per day for international travel. See section 3 of the T&E policy.

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4.

I get copies of my statements from the One Card administrator.
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
Copies of statements will be mailed to you through regular U.S. mail.

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5.

Optional insurance coverage offerd by the automobile rental agency should be declined for travel to the following locations (check all that apply):
- A.
  
  United States
- B.
  
  Mexico
- C.
  
  Canada
- D.
  
  International (non U.S., Mexico, Canada)
Correct Answer(s)
A. United States
B. Mexico
C. Canada

Explanation
It is the policy of the Company to assume the liability for collision damage for rented vehicles in the U.S., Mexico, and Canada ONLY. Local liability and Collision Damage Waiver insurance should be purchased for travel to other destinations.

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6.

Which of the following are covered in the policy, but not an approved expense (check all that apply)?
- A.
  
  Paypal charges
- B.
  
  Phone calls during travel
- C.
  
  Parking or traffic violations
- D.
  
  Rewards membership fees
- E.
  
  Bridge and highway tolls for business related purposes
Correct Answer(s)
A. Paypal charges
C. Parking or traffic violations
D. Rewards membership fees

Explanation
See the T&E policy for more details.

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7.

The recommended guideline for appropriate meal expenses are as follows: $50 per person/per dayA 10%-25% premium is acceptable in more expensive cities
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The following is a guideline for daily meal expense per person: Breakfast-$8, Lunch-$12, Dinner-$20. When staying in major metroplitan areas, a 10% to 25% premium is acceptable. See section 11 of the T&E policy for more details.

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8.

I can pay JP Morgan Chase directly for personal charges I incurred on the corporate credit card (One Card). .
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
You can VIEW recent payments, but you must not MAKE payments to JP Morgan Chase. Fender will pay your corporate credit card bill directly to JP Morgan Chase.

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9.

An approver must approve expense reports within the following time period:
- A.
  
  5 days
- B.
  
  2 weeks
- C.
  
  By the end of the billing cycle
- D.
  
  Whenever he/she has time
Correct Answer
A. 5 days

Explanation
An expense report should be reviewed by employee’s supervisor within 5 buisiness days from the time it is submitted by and employee. See section 4b of the T&E policy.

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Current Version
Jan 08, 2013

Quiz Edited by
ProProfs Editorial Team
Oct 30, 2009

Quiz Created by
Gclementaz

T&e Policy Quiz

Using the directly related and/or associated tests for business entertaining, would the following scenario qualify as an allowed corporate expense? An artist flies into town for a photo shoot and is taken out to lunch with a few Fender employees

My friends and family can accompany me on travel and the charges resulting from the trip can be paid on my corporate card.

Cash advances for expected out-of-pocket expenses are allowed up to the following limits:

I get copies of my statements from the One Card administrator.

Optional insurance coverage offerd by the automobile rental agency should be declined for travel to the following locations (check all that apply):

Which of the following are covered in the policy, but not an approved expense (check all that apply)?

The recommended guideline for appropriate meal expenses are as follows: $50 per person/per dayA 10%-25% premium is acceptable in more expensive cities

I can pay JP Morgan Chase directly for personal charges I incurred on the corporate credit card (One Card). .

An approver must approve expense reports within the following time period: