Which of These Would Be a Necessary Control to Prevent

question 34

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.

Understand the relationship between interest rates, time periods, and the future value of investments.

Develop decision-making skills regarding financial investments based on interest rate projections and time periods.

Understand the relationship between nominal wages, real wages, and the consumer price index.

Comprehend the effects of minimum wage laws on employment levels.

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Definitions:

Cash Dividend

A payment made by a company out of its earnings to its shareholders, typically in the form of cash.

Retained Earnings

Retained earnings are the portion of a company's net income that is kept within the company instead of being paid out to shareholders as dividends, used for reinvestment.

Prerequisites

Requirements that must be met or completed before taking on a subsequent task or enrolling in a particular course or program.

Declaration Date

The specific date on which a company announces the payment of a dividend, detailing the amount to be paid and to whom it will be distributed.