Which of the Following Internal Controls Would Help Ensure That

question 41

Multiple Choice

Which of the following internal controls would help ensure that existing payroll transactions are recorded?

• A)time records are approved by supervisors
• B)a time clock is used to record time
• C)independent preparation of payroll bank reconciliation
• D)comparison of payroll master file totals with general ledger control account

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Definitions:

World System Theorists

Scholars who analyze the socio-economic differences and inequalities among countries based on the global division of labor and the distribution of resources.

Modernization Theory

A theory that suggests developing countries will progress economically and socially by adopting Western-style capitalism and cultural values.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by GDP.

Political Stability

The condition where a government is resilient, capable of maintaining order, and unlikely to experience sudden changes, breakdown, or violent political conflict.