Which of the Following Is not an Internal Control Procedure

question 179

Multiple Choice

Which of the following is not an internal control procedure for cash?

• A)Only designated personnel are authorized to handle cash.
• B)The same individual receives the cash and pays the bills.
• C)Surprise audits of cash on hand should be made occasionally.
• D)Access to cash is limited.

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Definitions:

Psychographic Categories

Classification of consumers based on their lifestyles, interests, attitudes, and values to understand their purchasing behavior.

Consumer Consumption

The process by which consumers use and dispose of products and services, encompassing the behaviors and patterns of use.

Market Segmentation

Market segmentation is the process of dividing a broader market into smaller, homogeneous groups of consumers with similar wants, needs, or demographic profiles, to tailor marketing strategies more effectively.

Differentiated Marketing

A marketing strategy where a company targets multiple market segments, tailoring specific messages for each.