Which of the Following Is Not an Internal Control Procedure

question 123

Multiple Choice

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

• A)Immediate preparation of records of all cash receipts.
• B)Customers should be given written receipts for all monies paid.
• C)All cash should be deposited frequently.
• D)Use of prenumbered checks.

Determine critical values given alpha levels and degrees of freedom in statistical testing.

Understand the principles and practices for avoiding discrimination in global assignments.

Recognize the impact of cultural differences on international business operations and employee training.

Identify challenges and strategies in training and developing a global workforce.

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Definitions:

Firm

An organization that uses resources to produce goods or services for profit in an economic system.

Goods

Items or products that are produced to satisfy wants or needs of consumers. Goods can be tangible, like food and cars, or intangible, like services.

Services

Intangible and non-physical goods provided by individuals or companies, such as healthcare, education, and financial consulting.

Total Product

The total quantity of output produced by a firm or economy as a result of its production process.