Which of the Following Is NOT a Key Issue in Controlling

question 78

Multiple Choice

Which of the following is NOT a key issue in controlling and managing receivables?

• A) Separate cash-handling, credit, and accounting duties to keep employees from stealing cash collected from customers.
• B) Extend credit only to customers who are most likely to pay.
• C) Pursue collection from customers to maximize cash flow.
• D) Separate the responsibility for custody and protection of inventory assets from the accounting for inventory assets.

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Definitions:

Symptom

A physical or mental feature that is regarded as indicating a condition of disease, particularly such a feature that is apparent to the patient.

Subjective

Based on or influenced by personal feelings, tastes, or opinions, rather than external facts.

Examiner

A person or tool that assesses someone or something in terms of quality, skill, or knowledge.

Lumen

The interior space of a tubular structure, such as an artery or intestine.