Which of the Following Is Not an Important Control Over

question 34

Multiple Choice

Which of the following is not an important control over notes payable?

• A) There is proper authorization over the issuance of new notes payable.
• B) Notes payable are issued when the business climate is favorable.
• C) Adequate controls exist over repayment of interest and principal.
• D) There exist proper documents and records.

---

Definitions:

Lawrence Kohlberg

An American psychologist best known for his theory of stages of moral development.

Moral Development

The process through which individuals develop proper attitudes and behaviors towards other people in society, based on social and cultural norms, rules, and laws.

Preconventional

The first level in Kohlberg's theory of moral development, where moral understanding is based on rewards and punishments associated with different actions.

Conventional

Pertaining to accepted norms or standards in a society or a group.