Which of These Would Be a Necessary Control to Prevent

question 4

Multiple Choice

Which of these would be a necessary control to prevent a cash payment being made for an unauthorised purpose?

• A) invoices being required before cheques are issued.
• B) only authorised people being able to issue cheques.
• C) the duties of approving invoices and signing cheques are separated.
• D) all of the above.

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Definitions:

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The subjective judgment by individuals about the fairness or equity of something, often in economic transactions or distributive justice.

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A visual depiction that illustrates the link between a product's price and the amount of the product customers are prepared to buy.

Behavioral Economics

A field of economics that applies psychological insights into human behavior to explain economic decision-making.