For Good Internal Control, Which of the Following Functions Should

question 13

Multiple Choice

For good internal control, which of the following functions should not be the responsibility of the cashier?

• A)Data processing.
• B)Receiving of cash.
• C)Custody of securities.
• D)Banking of cash.

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Definitions:

Aggregates

A broad category of coarse to medium-grained particulate material used in construction, including sand, gravel, crushed stone, slag, and recycled concrete.

Opportunity Cost

Opting for one opportunity causes the relinquishment of possible gains from not selected alternatives.

Production Possibilities Curve

The Production Possibilities Curve (PPC) is a graphical representation that shows the maximum quantity of two goods or services that can be produced with limited resources.

Future Location

Refers to a place where something is expected or planned to be situated at a later time.