Which of the Following Is a Control That Can Be

question 18

Multiple Choice

Which of the following is a control that can be implemented to help prevent paychecks being issued to a "phantom" or "ghost" employee?

• A)The cashier should sign all payroll checks.
• B)Sequentially prenumber all payroll checks.
• C)Use an imprest account to clear payroll checks.
• D)Paychecks should be physically distributed by someone who does not authorize time data or record payroll.

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Definitions:

Biodiesel

A biofuel derived from natural sources, such as vegetable oils or animal fats, used as an alternative to conventional fossil fuels.

Oil Prices

are the costs associated with purchasing crude oil, which fluctuate based on global supply and demand dynamics.

Present Value

The present worth of a future amount of money or series of cash inflows using a designated return rate.

Inflation

The rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power.