Which of the Following Helps to Reduce Risk

question 89

Multiple Choice

Which of the following helps to reduce risk?

• A) Abstain from risk taking.
• B) Obtain more information.
• C) Diversify.
• D) All of the above.

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Definitions:

Voucher System

An internal control method in accounting where vouchers are prepared before payments are processed to ensure transactions are authorized and recorded properly.

Check Register

A record of transactions in a checking account, tracking all checks written, deposits made, and current balance.

Selling Company

A business entity that primarily engages in selling goods or services to consumers or other businesses.

Sales Invoice

A bill sent to customer(s) reflecting a credit sale.