It Is Good Business Practice for a Payment Activity to Have

question 52

True/False

It is good business practice for a payment activity to have a single person assigned to approve payments and generate checks.

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Definitions:

Miasma

An outdated medical theory suggesting diseases are spread through polluted air or bad smells from decaying organic matter.

Cholera

An infectious disease caused by ingesting contaminated water or food, characterized by vomiting, severe dehydration, and diarrhea, and can be lethal if not treated promptly.

Malnourished

A condition resulting from insufficient intake of nutrients.

Social Sanction

Punitive measures or actions taken by a social group to enforce norms and rules, aimed at controlling behavior.