Which of the Following Is Not an Internal Control Activity

question 63

Multiple Choice

Which of the following is not an internal control activity for cash?

• A) Surprise audits of cash on hand should be made occasionally.
• B) All cash receipts should be recorded promptly.
• C) The number of persons who have access to cash should be limited.
• D) Most transactions should be in cash to reduce recordkeeping.

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Definitions:

Common Resource

A resource like air or water that offers users tangible benefits but is difficult to exclude non-payers from using, often leading to overuse.

Common Resource

A type of good that is non-excludable and rivalrous, such as air or a fishing area, leading to potential overuse or depletion.

Public Grazing Land

Land owned by the government that allows individuals to graze their livestock on it, typically for a fee or under certain conditions.

Common Resource

A resource like air or water that is not owned by anyone, but its use is available to everyone, leading to potential overuse.