What Is the Primary Goal of Internal Controls for Cash

question 74

Multiple Choice

What is the primary goal of internal controls for cash payments?

• A)To ensure the lowest prices possible are paid.
• B)To make payments as quickly as possible.
• C)To ensure that payments are made only for properly authorized transactions.
• D)To independently verify cash payments.

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Definitions:

Relationship Selling

A sales approach focusing on building long-term relationships with customers rather than on one-time transactions.

Consultative Selling

A sales approach focusing on building a relationship with the customer, understanding their needs, and offering solutions that meet those needs.

Relationship Selling

A sales approach that focuses on building long-term relationships with customers, emphasizing trust, understanding customer needs, and providing tailored solutions.

Invalidating Opinions

The act of dismissing or undermining someone's viewpoints as without basis or merit.