Which of the Following Control Plans Is an Account Used

question 119

Multiple Choice

Which of the following control plans is an account used solely for payroll purposes and funds are transferred into the account to cover payroll checks to be issued?

• A) approve attendance time data and job time data
• B) use payroll clearing account
• C) independent paycheck distribution
• D) imprest payroll bank account

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Definitions:

Grand Strategy

A comprehensive plan of action developed by a state or organization to achieve long-term objectives and fulfill overarching goals.

Organization Environment

Pertains to the external and internal factors influencing an organization's operations, including economic, technological, social, and political elements.

Situational Analysis

Situational analysis refers to the process of evaluating the current state of a situation or environment to make informed decisions.

Weaknesses

Areas of lack or deficiency that may hinder achievement or performance.