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No Special Internal Control Procedures Are Necessary with a Petty

question 97

True/False

No special internal control procedures are necessary with a petty cash fund because the amount is so small.


Definitions:

Cut-Out Pressure

The set pressure at which a pressure switch deactivates or cuts out, stopping the system or process it controls.

Air System

The network within a vehicle or machine that manages the distribution and flow of air, important for various functions including braking and engine operation.

Adjustment

The process or action of altering or modifying something to achieve a desired fit, function, or accuracy.

FMVSS-121

Federal Motor Vehicle Safety Standard No. 121, a regulation that sets the standard for air brake systems in heavy vehicles, ensuring safety through specified design, performance, and maintenance requirements.

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