Which of the Following Is not a Universal Rule for Achieving

question 69

Multiple Choice

Which of the following is not a universal rule for achieving internal control over cash?

• A)Separate recordkeeping from accounting for cash to the extent possible.
• B)Deposit each day's cash receipts intact.
• C)Separate cash handling from recordkeeping.
• D)Have monthly bank reconciliations prepared by employees not responsible for the issuance of checks.

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Definitions:

Supply Chain

The entire process of making and selling commercial goods, including production, handling, transportation, and distribution, from raw materials to the final customer.

Push/Pull View

The Push/Pull View of supply chains differentiates between processes that are driven by forecasted demand (push) and processes that are activated by customer demand (pull).

Processes

A series of actions or steps taken in order to achieve a particular end in a business or operational context.

Supply Chain

An ensemble of organization units, individuals, maneuvers, knowledge base, and resources orchestrated for the direct flow of a product or service from the supplier to the market consumer.