The Security of Assets and Documents Related to Cash Disbursements

question 75

Multiple Choice

The security of assets and documents related to cash disbursements would include all of the following, except:

• A)Access to cash should be limited to the authorized check signers.
• B)Physical controls should be in place where the cash is retained and disbursed.
• C)Access to records should be limited to persons with the authority to sign checks.
• D)The company's stock of unused checks should be protected and controlled.

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Definitions:

Positive Reinforcer

A stimulus or event that increases the likelihood of a behavior being repeated when it is presented following that behavior.

Information Flow

The movement and exchange of information within and between organizations, systems, or processes.

Inventory System

An organized method for managing and controlling the ordering, storage, and use of components that a company will use in the production of the items it will sell as well as the management of the finished products that are for sale.

Understocking

The condition of having insufficient inventory to meet demand, leading to potential lost sales and customer dissatisfaction.