Which of the Following Is a Key Element of Internal

question 49

Multiple Choice

Which of the following is a key element of internal control over cash payments?

• A)periodically reconciling the cash account balance on the company's books to the bank statement balance
• B)making daily bank deposits
• C)requiring that all petty cash vouchers be approved by two signatures
• D)authorizing and verifying that all cash received is recorded daily

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Definitions:

Selective Exposure

Refers to the tendency of individuals to select information that supports their preexisting views and avoid information that contradicts their preexisting views.

Conservative Media

Media outlets that tend to promote conservative political viewpoints and values.

Attitude-Behavior Consistency

The extent to which an individual's beliefs, feelings, and attitudes are aligned with their actual behaviors.

Anti-Chinese Prejudice

Refers to negative attitudes, beliefs, or discrimination against people of Chinese descent or origin.