For Internal Control Purposes, Which of the Following Individuals Should

question 41

Multiple Choice

For internal control purposes, which of the following individuals should preferably be responsible for the distribution of payroll cheques?

• A) Bookkeeper.
• B) Payroll clerk.
• C) Cashier.
• D) Receptionist.

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Definitions:

Global Market

An interconnected marketplace without geographical limits where goods, services, and capital move freely.

Multinational

A corporation that operates in multiple countries, managing production or delivering services in more than one country.

World Economic Forum

An international organization that brings together political, business, and other leaders to shape global, regional, and industry agendas.

Davos Man

A term referring to the global elite of wealthy and powerful individuals who are believed to attend the World Economic Forum in Davos, Switzerland, impacting global policies.