Which of the Following Is an Internal Control That Would

question 59

Multiple Choice

Which of the following is an internal control that would prevent a paid disbursement voucher from being presented for payment a second time?

• A)Vouchers should be prepared by individuals who are responsible for signing disbursement checks.
• B)Disbursement vouchers should be approved by at least two responsible management officials.
• C)The date on a disbursement voucher should be within a few days of the date the voucher is presented for payment.
• D)The official signing the check should compare the check with the voucher and should "cancel" the voucher documents by marking them "paid."

---

Definitions:

Deadweight Loss

The decrease in economic productivity that happens when a good or service does not reach, or cannot reach, its equilibrium point.

Consumer Surplus

The difference between the maximum amount consumers are willing to pay for a good or service and the actual amount they do pay.

Tax Revenue

The wealth accumulated by governments through the process of taxation.

Consumer Surplus

Consumer surplus is the difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually pay.