A Process Chart Activity That Checks or Verifies Something but Does

question 88

Multiple Choice

A process chart activity that checks or verifies something but does not change it is a(n) :

• A) operation.
• B) transportation.
• C) inspection.
• D) delay.

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Definitions:

Endorsed

The act of signing the back of a negotiable instrument, such as a check, thus transferring rights or title to another party.

Payee

The party in whose favor a check, draft, or note is made, entitled to receive the payment from the payer.

Drawer

The person or entity that writes a check or draft instructing the drawee to pay someone else.

Internal Control

A system within a business that oversees its operations and financial processes to ensure accuracy and compliance.