Which of the Following Is not a Suggested Procedure to Establish

question 84

Multiple Choice

Which of the following is not a suggested procedure to establish internal control over cash disbursements?

• A)Anyone can sign the checks.
• B)Different individuals approve and make the payments.
• C)Blank checks are stored with limited access.
• D)The bank statement is reconciled monthly.

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Definitions:

Total Utility

The total satisfaction or benefit that a consumer receives from consuming a particular quantity of goods or services.

Indifference Analysis

An economic tool used to analyze and understand consumer preferences, showing combinations of goods between which a consumer is indifferent.

Numerically Measurable

Quantifiable or able to be expressed in numerical terms and measured.

Convex

A shape where a line drawn between any two points on the structure will lie outside it, often used in economics to describe preference curves.