Which Statement About Cash Is Not True

question 119

Multiple Choice

Which statement about cash is not true?

• A) A main goal of an internal control system is to protect assets other than cash.
• B) Cash is the one asset that is readily convertible into any other type of asset.
• C) Cash is easily concealed and transported and is highly desired.
• D) Cash is the asset most susceptible to fraudulent activities.

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Definitions:

Married

A legally or formally recognized union of two people as partners in a personal relationship.

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A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Depression

A mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Alcohol

A psychoactive substance, commonly found in drinks such as beer, wine, and spirits, that can lead to intoxication and various health effects.