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Monitoring the Administrative Ratio to Make Sure Staff Expenses Do

question 19

Multiple Choice

Monitoring the administrative ratio to make sure staff expenses do not become excessive is an example of _____ control.

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Definitions:

Endorsement

The act of signing one's name on the back of a check or other negotiable instrument, which allows it to be transferred or cashed.

Payees

Individuals or entities to whom money is payable, often seen in the context of checks or promissory notes.

Negotiation

The process of discussing and arriving at a mutual agreement between parties, often involving compromise or conciliation.

Depositary Bank

A financial institution that holds and manages securities for its clients, facilitating the trading of these securities.

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