An Entity with a Large Volume of Customer Remittances by Mail

question 15

Multiple Choice

An entity with a large volume of customer remittances by mail could most likely reduce the risk of employee misappropriation of cash by using:

• A)employee fidelity bonds.
• B)independently prepared mailroom prelists.
• C)daily check summaries.
• D)a bank lockbox system.

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Definitions:

Conj

A conjunction or connecting term that combines sentences or terms in logic or grammar.

Conj

Short for conjunction, a word used to connect clauses or sentences or to coordinate words in the same clause.

MP

A shorthand for Modus Ponens, a logical argument form where if a implies b, and a is true, then b must also be true.

Add

The mathematical operation of combining two or more quantities to get a sum.