The Essence of an Effectively Controlled Organization Lies in the

question 8

Multiple Choice

The essence of an effectively controlled organization lies in the

• A)effectiveness of its auditor.
• B)effectiveness of its internal auditor.
• C)attitude of its employees.
• D)attitude of its management.

Comprehend the implications of cash concentration and collection strategies on a firm's liquidity.

Recognize the role and usage of different banking instruments (e.g., debit cards, zero-balance accounts) in cash management.

Understand the impact of technological and market developments on reducing collection float.

Understand the impact of the Internet on the growth of online retailing and banking and its implications for float management.