The Following Set of Items Describes Activities Completed by a Company

question 181

Multiple Choice

The following set of items describes activities completed by a company in purchasing and paying for merchandise and in collecting cash for merchandise sales. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. (Choices may be used more than once.)
-All supporting documents attached to an invoice are canceled when the check is signed.

• A)Adheres to sound internal controls
• B)Violates sound internal controls
• C)Neither strengthens nor violates internal control

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Definitions:

Pilot Wings

Insignia that identifies a person as a qualified pilot, often awarded upon completion of training and certification in civil or military aviation.

1942-1946

A period during World War II noted for significant global conflicts, political changes, and the beginning of the post-war recovery phase.

WAVES

A division of the U.S. Navy during World War II, consisting of women volunteers who served in non-combat roles.

Noncommissioned Officers

Military personnel who have earned a position of authority by promotion through the ranks rather than by commission; they serve as essential links between the enlisted personnel and the commissioned officers.