Which of the Following Is not an Internal Control Procedure

question 179

Multiple Choice

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

• A)Only designated personnel are authorized to handle cash.
• B)The same individual receives the cash and pays the bills.
• C)Surprise audits of cash on hand should be made occasionally.
• D)Access to cash is limited.

---

Definitions:

Setting Priorities

The process of determining the order in which tasks, projects, or goals should be addressed based on their importance, urgency, and impact.

Management By Objectives (MBO)

A management strategy focusing on aligning the goals of employees with the objectives of the organization through participative goal setting and performance assessment.

Budget Adjustments

Modifications made to a budget to reflect changes in the availability of funds or expenditures.

PERT Times

An abbreviation for Program Evaluation and Review Technique, specifically referring to the estimated durations for tasks involved in project planning.