Using a Bank Increases the Internal Control Over Cash

question 113

True/False

Using a bank increases the internal control over cash.

---

Definitions:

Planning Phase

An initial stage in project management or development where objectives are set, strategies are determined, and tasks and schedules are outlined.

Execution Resources

The combination of personnel, equipment, and materials that are deployed to carry out project tasks and achieve objectives.

Office Space

Office space refers to the physical location where the operations of a business are conducted, typically including areas for employee workstations and meetings.

Infrastructure Support Team

A group of professionals responsible for managing and maintaining the physical and organizational structures needed for operations.