Which of the Following Is an Appropriate Internal Control Activity

question 75

Multiple Choice

Which of the following is an appropriate internal control activity for cash?

• A) The amount of cash on hand should be kept to a maximum.
• B) All payments should be made with currency,not checks.
• C) Banking facilities should be used as little as possible.
• D) Recordkeeping and custodianship over cash should be performed by separate individuals.

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Definitions:

Exclusive Jurisdiction

The sole authority of a particular court or legal body to hear and decide on cases within a specific area of law or geographic location.

Long-Arm Statute

Legislation that allows a court to exercise personal jurisdiction over individuals or entities that have conducted certain activities within its jurisdiction.

Out-Of-State Defendants

Individuals or entities who are sued in a court outside of the state in which they reside or are based, raising questions about jurisdiction and legal authority.

Criminal Courts

The judiciary entities responsible for adjudicating cases involving individuals or organizations accused of committing crimes.