Which of the Following Is not an Internal Control Procedure

question 137

Multiple Choice

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

• A)Payments should be made with cash.
• B)There should be limited access to cash.
• C)The amount of cash on hand should be kept to a minimum.
• D)Cash should be deposited daily.

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Definitions:

Dichotomous Thinking

The tendency to categorize experiences, people, or items into two extreme and opposite groups.

Right Or Wrong

A moral or ethical judgment about actions or decisions based on societal, personal, or legal standards.

Blaming

The act of accusing someone of being responsible for a fault or wrong.

Scarcity

The economic problem of having seemingly unlimited human wants in a world of limited resources.