The Internal Control Process That Requires the Approval of a Cash

question 3

Multiple Choice

The internal control process that requires the approval of a cash disbursement transaction to take place prior to the preparation of the check, will help to minimize the risk of:

• A)Fictitious payments
• B)Invalid payments
• C)Timing issues
• D)Stolen cash

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Definitions:

West Africa

A region in Africa that includes countries on the Atlantic coast, known for its diverse cultures, languages, and histories.

Deprivation

A lack or denial of something considered to be a necessity, leading to adverse effects on physical or psychological well-being.

Homeostasis

The self-regulating process by which biological systems tend to maintain stability while adjusting to conditions that are optimal for survival.

Drive

An internal urge that motivates behavior towards fulfilling a need or achieving a goal.