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

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Definitions:

Cost Objects

Items or activities for which costs are measured and assigned, such as products, services, projects, or departments.

Departmental Overhead Rate Method

A cost accounting technique that allocates overhead expenses to specific departments based on varying rates, often used to more accurately reflect the costs incurred by each department.

Production Department

A specific area or division within a company where products are manufactured or assembled.

Volume-related Measures

Metrics or indicators that quantify the amount of production or sales activity, often used for planning, decision-making, or performance evaluation.