The Most Important Internal Control Over Cash Is To

question 72

Multiple Choice

The most important internal control over cash is to:

• A)have all customers pay by check.
• B)separate cash-handling duties from cash-accounting duties.
• C)separate cash-handling from the mailroom.
• D)do none of the above.

---

Definitions:

Closed-Shop Clause

A provision in a labor agreement requiring all employees to be members of a union as a condition of employment.

Trade Union

An organization formed by workers in a particular trade, industry, or company to protect their rights and interests.

Lawful Strike

A work stoppage initiated by employees that is legal under labor law and typically occurs after failed negotiations.

Collective Agreement

A written contract of employment covering a group of employees who are represented by a union, detailing the terms and conditions of their employment.