In a Real-Time Processing System with a High Number of Transactions,the

question 65

Multiple Choice

In a real-time processing system with a high number of transactions,the best and most practical control over cash disbursements is to have

• A) all checks manually signed by the treasurer
• B) all checks signed by check-signing equipment
• C) checks over a certain dollar amount manually signed by the treasurer
• D) checks over a certain dollar amount manually signed by the cash disbursements clerk

---

Definitions:

Tender of Delivery

The formal offering by a seller to provide the goods or perform the services contracted for, in accordance with the terms and conditions agreed upon with the buyer.

Conform

To act in accordance or harmony with established standards, rules, or laws.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights.

Boilerplate

Standardized text, typically in contracts or legal documents, used repeatedly without significant change.