What Are the Three Most Important Controls Over Cash Disbursements

question 59

Essay

What are the three most important controls over cash disbursements?

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Definitions:

Pigouvian Taxes

Taxes designed to reduce external costs.

External Costs

costs inflicted upon a third party when goods and services are produced and consumed.

Tradable Emissions Permits

Licenses to emit limited quantities of pollutants that can be bought and sold by polluters.

Pollution Permits

Licenses that allow entities to emit a specific amount of pollutants into the environment, often traded in markets.